Disallowance of assessee's claim of exceptional losses on ...

Income Tax

September 22, 2022

Disallowance of assessee's claim of exceptional losses on account of certain trades - Actually if there is any loss incurred on the said transaction, the same shall have to be borne only by the clients. - Merely because those clients had been sourced or referred by assessee to ABML, the losses of those clients cannot be shifted by ABML to assessee - the loss of clients incurred under Options Maxima Scheme claimed by the assessee in its return is not allowable - AT

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Disallowance of assessee's claim of exceptional losses on ...

Income Tax

September 22, 2022

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