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2023 (10) TMI 778 - ITAT DELHIReopening of assessment u/s 147 - Claim of fictitious loss which reduced the profit - derivative trading - HELD THAT:- It is observed that the assessee company has been booking losses by using Client Code Modification in the year under consideration and the amount as held by the A.O. to be fictitious loss. It is found by the authorities that the script wise details of the derivative trading that the assessee had taken the fictitious loss in order to reduce the profit. The assessee has not produced any material to contradict or disprove the said findings of the A.O. Therefore, CIT(A) has committed no error in confirming the addition made by the A.O., accordingly, we find no merits in the Grounds of Appeal of the assessee which are dismissed.
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