(Per : HONOURABLE THE ACTING CHIEF JUSTICE MR.BHASKAR BHATTACHARYA) This Appeal is admitted on the following substantial questions of law :
(A) Whether the Tribunal below committed substantial error of law in confirming the disallowance of Rs.6,34,03,561/- and Rs.1,90,34,752/- claim of set off of losses and denial of carried forward of business loss on misinterpretation of Sections 28, 37, 72 and allied provisions of the Income Tax Act, 1961.
(B) Whether the Tribunal below committed substantial error of law in equating "suspension" of business activities for the year under consideration at par with "closure" of business for confirming disallowance of set off and carry forward of business loss.
(BHASKAR BHATTACHARYA, ACTING CJ.) (J.B.
PARDIWALA, J.) zgs/-
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