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Income Tax - Highlights / Catch Notes

Home Highlights February 2023 Year 2023 This

Loss i.e. MCX trading loss - activities of derivative - AO ...

Income Tax

February 14, 2023

Loss i.e. MCX trading loss - activities of derivative - AO before rejecting the contention of the assessee could have verified from the broker who is registered with the exchange. In the absence of any verification by the AO, genuineness of the loss claimed by the assessee cannot be doubted. - AT

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