THE COMMISSIONER OF INCOME TAX JAIPUR vs. PRAKASH CHAND LUNIA (D) THR LRS
C.A. No.-007689-007690 - 2022Supreme Court24 Apr 2023
Bench: HON'BLE MR. JUSTICE M.R. SHAH
Section 104Section 112Section 135Section 271Section 69A
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deduction is made, the loss must be one that
springs directly from or is incidental to the
business which the assessee carries on and not
every sort or kind of loss which has absolutely no
nexus or connection with his business. In paras 11
and 12, the High Court relied on various judgments
to state that confiscation
