Loss on Confiscation of Smuggled items by DRI officials cannot be

Loss on Confiscation of Smuggled items by DRI officials cannot be claimed as Business Loss under Income Tax Act : Supreme Court

3rd May 2023

Loss on Confiscation of Smuggled items by DRI officials cannot be claimed as Business Loss under Income Tax Act : Supreme Court

The copy of the order is as under:

7689-90 Commissioner-of-Income-Tax-Jaipur-Vs-Prakash-Chand-Lunia-D-Thr.Lrs_.-Anr.-7689-90

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Loss on Confiscation of Smuggled items by DRI officials cannot be claimed as Business Loss under Income Tax Act : Supreme Court

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Loss on Confiscation of Smuggled items by DRI officials cannot be claimed as Business Loss under Income Tax Act : Supreme Court

Loss on Confiscation of Smuggled items by DRI officials cannot be claimed as Business Loss under Income Tax Act : Supreme Court

Need help from a Chartered Accountant?

Latest articles

Related articles

Section 54B Exemption on Multiple Agricultural Lands: Can Capital Gain Relief Be Restricted to One New Land?

Interest Is Not a Penalty, Yet It Can Be Costly! Understanding the Charging of Interest under the Income-tax Act, 2025

No Exempt Income, No Section 14A Disallowance: Bombay High Court Upholds Deletion of ₹17.57 Crore in HCC Concessions Case

From Permanent Registration to Five-Year Renewal: Legislative History and Evolution of Charitable Trust Registration under the Income Tax Act, 1961 (1961–2026)

Recent Posts

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