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"As per ITD database assessee indulged in transaction worth Rs 2.99,01.918- in National Mulu Commodity Exchange Assessee did not make any compliance whatsoever Transaction value Rs 2,99,01.918-added u/s 69B.
CIT(A) Para 43 to 46 AO has not made a best judgement assessment. He added total volume of transactions in shares, which is not proper.
Net result of total transactions was loss of 22.07.354- Although assessee claimed to have invested only 2 2 lakhs, there is no proof that it was only 2 lakhs.