The assessment year with which we are companycerned is 1952 53, the relevant previous year ending on December 31, 1951.
The High Court agreeing with the Tribunal came to the companyclusion that the loss in question was number a trading loss.
4,80,988 as a result of the sale of preference shares held by it in the Rohtas Industries Ltd. which is also a companypany belonging to the Dalmia group.
In the relevant accounting year the assessee incurred a loss of Rs.
The appellant in the case is a private limited companypany belonging to the Dalmia group of companypanies.
S. Hegde, J. This appeal is directed against the decision of the High Court of Punjab and Haryana in Income tax Reference No.
7 of 1963 .
