Section
23 of the Indian Penal Code: Provision of wrongful
gain or wrongful loss.
Wrongful
gain:
It is gain by unlawful means of property to which the person gaining is not
legally entitled.
Wrongful
loss:
It is loss by unlawful means of property to which person losing it is legally
entitled.
For Illustration: If X takes away Y’s watch out of Y’s
possession, without Y’s consent with intention of keeping it, he cause, “Wrongful
Loss” to Y and Wrongful Gain to himself.*
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* Book referred: Indian Penal Code by K.D. Gaur
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