Whoever does anything with the intention of causing wrongful gain to one person or wrongful loss to another person, is said to do that thing "dishonestly"

Simply Put

When someone has intention to cause someone wrongful gain or someone wrongful loss, the person who causes such an act will come under this section; For example Mr X comes to Mr Y in order to purchase his horse Mr X enquired about the horse physical condition to which Mr Y dishonestly says that the horse is fine, for which he knew horse to be insane.

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