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2020 (10) TMI 792 - AT - Income TaxBogus Loss incurred in the commodity market transaction - addition on the basis of information received that the concerned broking concern M/s. Marigold Vanijya Pvt. Limited had allegedly provided entries of bogus loss - HELD THAT:- As decided in Navin Kumar Kajaria [2018 (5) TMI 2024 - ITAT KOLKATA] genuineness of the transactions made by the assessee on MCX Stock Exchange Ltd. through broker was duly established and the action of the authorities below in disallowing the claim of the assessee for the resultant loss in dealing in currency derivatives is not tenable. Therefore, delete the said disallowance and allow the appeal of the assessee.
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