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Reassessment initiated to disallow loss on hedging of metals losses is untenable if losses were allowed originally
Case Law Details
- Case Name
- Jayesh Raichand Shah Vs Assistant Commissioner of Income Tax (Gujarat High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Gujarat High Court
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HIGH COURT OF GUJARAT
Jayesh Raichand Shah
Versus
Assistant Commissioner of Income-tax
Special Civil Application Nos. 6830 & 6861 Of 2012
Date of Pronouncement – October 22, 2012
ORDER
Akil Kureshi J.
Heard learned counsel for the respective parties for final disposal of the petitions. These petitions arise out of similar background involving the same assessee. We have heard these petitions together and propose to dispose them off by this common order.
2. The petitioner is common in both the petitions. He has challenged two separate notices issued by the Assessing ...
