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2018 (8) TMI 668 - AT - Income TaxAdditions on account of F & O (Future & Options) loss - loss on derivatives - NSE reported that no trading were found for the combination of member and client code during the period from April 01, 2009 to March, 31, 2010 in Future & Options segment” - Held that:- The said transactions have been duly reflected in the financial account in the books of broker of M/s. SSPL. Due to off market transaction, the assesse did not enter into the transaction and the broker of SSPL did not inform the NSE and in support of this, filed ledger account of assesse and records of M/s. SSPL showing the 1) Order No. 2) Date & 3) Trading Time etc. The CIT-A examined the books of account, ledger account of assesse and records of broker of M/s. SSPL and found satisfied that the transaction in respect of share i. e order date, trading and time etc were recorded. - No additions - Decided against the revenue.
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