March 2011

Section 73

Calcutta H.C : 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 70 and 71 and carry forward of such loss under section 72 of the Act

High Court Of Calcutta R.P.G. Industries Ltd. vs. CIT Assessment Year : 1991-92 Section : 73 Bhaskar Bhattacharya And Sambuddha

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