Sec. 73 applies only if assessee incurres loss from Sale / Purchas eof Shares or intends to C/F non-absorbed loss

HIGH COURT OF GUJARAT Commissioner of Income-tax versus Appollo Vikas Steels (P.) Ltd. Tax Appeal No. 927 of 2011 FEBRUARY 19, 2013 ORDER Akil Kureshi, J. We permit the Revenue to raise additional question ‘C’ as per the draft amendment tendered before us today. 2. Previously, this Tax Appeal was considered by a Division Bench of this Court on 1.8.2012. At that time, the Tax Appeal contained only two questions, namely: (a) “Whether the Appellate Tribunal is right in law and on facts in holding that the Assessing Officer was not justified in making proportiona...