appeal by special leave from the order dated may 30 1969 of the calcutta high companyrt in income tax ref.
in the assessment years 1957 58 1958 59 and 1960 61 companyresponding accounting periods being calendar years 1956 1957 and 1959 the assessee claimed rs.
appeal by special leave from the judgment and order dated june 12 1969 of the calcutta high companyrt in i.t.r.
appeal by special leave from the judgment and order dated june 5 1969 of the calcutta high companyrt in i.t.r.
appeal by special leave from the judgment and order dated june 5 1969 of the calcutta high companyrt in i.t.r.
appeal by special leave from the judgment and order dated julie5 1969 of the calcutta high companyrt in i.t.r.
appeal by special leave from the judgment and order dated june 5 1967 of the calcutta high companyrt in i.t.r 189 of 1967 and civil appeal number.
number 1 1 1 of 1966 and civil appeal number 1033 of 1970.
leila seth u. k. khaitan and b. p. maheshwari for the appellants.
the appellate assistant commissioner found that the assessee had purchased the d.0s.
20665/ and rs.
similar orders were made by the tribunal in the case of other assessees.
the a.a.c.
in all the appeals except c.a.
c. sharma s. p. nayar and r. n. sachthey for the respondents.
1032 1035 1036 1040 .
companysequently held that the losses claimed by the assessee were losses from the ready business in jute goods.
number.
number 181 of 1966 and civil appeal number 1040 of 1970.
1035 1036 of 1970.
c. sharma s. p. nayar and b. d. sharma for the respondents in c.as.
k. sen leila seth u. k. khaitan and b. p. maheshwari for the appellants.
civil appellate jurisdiction civil appeal number 1032 of 1970.
number 162 of 1967 and civil appeals number.
1037 to 1039 of 1970.
number.
number.
for deciding the question of law formulated above it will be sufficient if we set out the facts in civil appeal number 1037 of.
he accordingly refused to set off those losses towards the profits made by the assess be in its number speculative business.
in pursuance of those findings he directed the income tax officer to allow the losses claimed as busi ness loss.
the assessee in civil appeal number 1037 of 1970 is a companypany dealing inter alia in jute and jute goods.
1037 39 .
number 141 of 1967.
civil appeal number 1034 of 1970.
1032 1033 1035 1039 .
in c.a.
that was number the relevant issue.
at the hearing we were referred to the facts of that case only.
the department appealed against the order of the a.c to the income tax appellate tribunal.
35578/ rs.
the income tax officer treated those losses as speculative losses.
number.
number 174 of 1966.
the assessee appealed against those assessment orders.
from various parties after paying the full price of the goods mentioned therein and transferred those p.d.os to his buyers after receiving the price fixed for the sale of those goods.
in c.a.
the judgment of the companyrt was delivered by hegde j. these are appeals by special leave.
to their transferees.
he held that the contracts in respect of the gunny bags said to have been sold were settled only by delivery of pucca delivery orders in short p.d.0s and number by actual delivery of the good covered by those documents.
3849/ respectively as losses in its business in the sale and purchase of gunny bags.
the a.a.c.
