https://www.taxtmi.com/caselaws?id=11390 For section 41(2) of the Income-tax Act, 1961, "destroyed" requires actual physical destruction of the asset. A ship merely reported missing at sea could not be treated as destroyed, because disappearance alone did not prove physical destruction. As no such destruction was established, the provision was not attracted. en-us Mon, 28 Jul 2003 00:00:00 +0530 Fri, 07 Aug 2009 17:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11390 For section 41(2) of the Income-tax Act, 1961, "destroyed" requires actual physical destruction of the asset. A ship merely reported missing at sea could not be treated as destroyed, because disappearance alone did not prove physical destruction. As no such destruction was established, the provision was not attracted. Case-Laws Income Tax Mon, 28 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11390