From the Judgment and Order dated 10.8.1977 of the Bombay High Court in I.T.R. No.
1520 NT of 1986.
CIVIL APPELLATE JURISDICTION Civil Appeal No.
Harish Salve, Mrs. A.K. Verma and Joel Peres for the Respondents.
The Income tax Officer held that s. 79 of the Income tax Act, 1961 disentitled the assessee from claiming such a set off.
S. Desai and Ms. A. Subhashini for the Appellant.
The Revenue appealed to the Income Tax Appellate Tribunal.
He said that 51 of the voting power held by persons on the last day of the year in which the loss was suffered was numberlonger held by them on 31 March, 1963.
34 of 1968.
