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Income Tax - Highlights / Catch Notes

Home Highlights October 2019 Year 2019 This

Disallowance on account of loss on error trade - due to human ...

Income Tax

October 19, 2019

Disallowance on account of loss on error trade - due to human error in punching the wrong scrip code, or punching of wrong quantity or in punching buy order in place of sale order due to human error the mistake may occur, which may result in income or loss - instead of considering the loss on account of error trade, AO treated the same as speculative loss - Additions deleted.

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