Addition on account of loss in trading of stock option - ...

Company's Stock Option Trading Loss Deemed Genuine; Authorities Wrong to Disallow Claim Without Investigation.

July 15, 2020

Case Laws Income Tax AT

Addition on account of loss in trading of stock option - suspicious trades including reversal trades - In the absence of any investigation carried-out by the authorities below, we are of the view that assessee has been able to establish that assessee company has suffered genuine business loss as had also been suffered in earlier years, therefore, authorities below should not have disallowed the same against the assessee.

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Addition on account of loss in trading of stock option - ...

Company's Stock Option Trading Loss Deemed Genuine; Authorities Wrong to Disallow Claim Without Investigation.

July 15, 2020

Case Laws Income Tax AT

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