In the Union Budget 2022-23 through Finance Bill 2022, among other tax measures, the Hon'ble Finance Minister recommended "Insertion of New Section 79A: No set-off of losses consequent to search, requisition and survey".
source https://www.caclubindia.com/articles/insertion-of-section-79a-plugging-of-lacuna-by-finance-bill-2022-46911.asp
source https://www.caclubindia.com/articles/insertion-of-section-79a-plugging-of-lacuna-by-finance-bill-2022-46911.asp
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