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Trement of expenditure

This query is : Resolved 
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(Querist)
03 December 2009 Tratctor shown as fixed assets in partnership firm.

Such had loss by fire.
Is it allowable or disallowable.

If decision based on case law ,plz specify.
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
03 December 2009 such loss is allowed to the extend of insurance claim not received menas Loss in P/l = WDV - insurance claim (if any received)
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