Additional income from F&O transactions - In view of the ...

Income Tax

July 20, 2022

Additional income from F&O transactions - In view of the peculiar nature of F&O transactions submitted by the Ld. AR, we are of the view that the Ld. AO has wrongly treated the open outstanding contracts as closing / opening stocks of the assessee and made re-working of profit. Therefore, the addition made by Ld. AO is not correct and deserves to be deleted. - AT

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Additional income from F&O transactions - In view of the ...

Income Tax

July 20, 2022

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