This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Whether the Explanation to section 73 can be applied to sections 70, 71 and 72 and in determining the gross total income
Case Law Details
- Case Name
- M/s. PCBL Industrial Ltd. Vs. CIT, Kolkata & Anr. (Calcutta High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Calcutta High Court
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
M/s. PCBL Industrial Ltd. Vs. CIT, Kolkata & Anr. (High Court of Calcutta)- Honorable High Court has to consider Following substantial Question and has held as Follows-
1. Whether the Explanation to section 73 which creates a legal fiction by which the purchase and sale of shares specified in the said Explanation which is specifically used for the purpose of section 73 as deemed speculation business can be applied to sections 70, 71 and 72 and in determining the gross total income the said Explanation to section 73 can at all be applied while considering the set off of loss under sections...
