Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1990 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1990 (12) TMI 334 - CALCUTTA HIGH COURTExtract: .......t portfolio. Therefore, the loss, if any, on sale of such shares must be capital loss and the Tribunal was right on facts in coming to the conclusion as it did. 8. For the reasons aforesaid, we answer the question in this reference in the negative and in favour of the revenue. 9. There will, however, be no order as to costs. Banerjee, J. - I agree.
|