https://www.taxtmi.com/caselaws?id=12360 The High Court upheld the disallowance of the deduction for the loss incurred by the assessee due to the confiscation of rice by the Civil Supplies Department. It determined that such loss, resulting from legal violations, could not be considered a commercial loss eligible for deduction under the Income-tax Act. en-us Mon, 12 Aug 2002 00:00:00 +0530 Mon, 22 Feb 2010 13:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12360 The High Court upheld the disallowance of the deduction for the loss incurred by the assessee due to the confiscation of rice by the Civil Supplies Department. It determined that such loss, resulting from legal violations, could not be considered a commercial loss eligible for deduction under the Income-tax Act. Case-Laws Income Tax Mon, 12 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12360