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2010 (1) TMI 115

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..... wer the question in accordance with law - CIVIL APPEAL NO.4596 OF 2003 - - - Dated:- 19-1-2010 - Mr. S.H. Kapadia And Mr. H.L. Dattu JJ. For the Appellant(s) : Mr. Gopal Subramanian,SG., Mr. Arijit Prasad,Adv., Mr. Mohd. Mannan,Adv. And Mr. B.V. Balaram Das,Adv. For the Respondent(s) : Mr. Ajay Vohra,Adv., Mr. Pramod Dayal,Adv., Mr. Nikunj Dayal,Adv., Ms. Kavita Jha,Adv. And Mr. Sande .....

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..... ction, the High Court will also consider the effect of the assessee(s) retaining the detachable warrant and, if that is taken into account, whether there would be, at all, a trading loss? It is the case of the Department, before us, which is, of course, disputed by the assessee(s) that the High Court has failed to notice the market value of the shares at the time of issue of NCD. We express no opi .....

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