https://www.taxtmi.com/caselaws?id=67516 The Tribunal held that the loss on confiscation of the gold biscuit was not suffered in the course of any business activity by the assessee and was not incidental to any business, lawful or unlawful. Therefore, the loss was not allowable as a deduction. The addition under Section 69A was restored, and the appeal was allowed in favor of the Revenue. en-us Tue, 01 Feb 1994 00:00:00 +0530 Fri, 11 Mar 2011 10:39:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67516 The Tribunal held that the loss on confiscation of the gold biscuit was not suffered in the course of any business activity by the assessee and was not incidental to any business, lawful or unlawful. Therefore, the loss was not allowable as a deduction. The addition under Section 69A was restored, and the appeal was allowed in favor of the Revenue. Case-Laws Income Tax Tue, 01 Feb 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67516