2023 (11) TMI 241

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..... into for testing the validity of reassessment proceedings - long term capital loss disallowed as transaction was not regarded as transfer within the meaning of Section 47(iv) and (v) As submitted by Revenue that the impugned order is erroneous inasmuch as in regard to its appreciation of the expression transfer viz-a-viz Section 2(47) as just opposed to Section 47(IV) of the Income Tax Act. HELD .....

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..... , Adv. Mr. E. C. Agrawala, AOR O R D E R Delay condoned. It is submitted on behalf of the revenue that the impugned order is erroneous inasmuch as in regard to its appreciation of the expression transfer viz-a-viz Section 2(47) as just opposed to Section 47(IV) of the Income Tax Act. The context of the impugned judgment and the remit to the High Court was narrow; it is only concerning the validity .....

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