Loss in F&O transaction investigation wing has carried on survey ...

Income Tax

October 27, 2020

Loss in F&O transaction investigation wing has carried on survey operation under section 133A in the premises of brokers and certain clients - Since the transaction was made through banking channel and settlement was already made for this transaction, that means the transaction must be completed subsequent to the completion of this transaction. So the broker cannot make modification after closure of the trading for the particular day. No factual submission coming from revenue and the addition was made by the assessing officer based on presumptions without any cogent material against the assessee - AT

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Loss in F&O transaction investigation wing has carried on survey ...

Income Tax

October 27, 2020

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