client codes at the time of
transactions. To rectify the error in punching of
client code, a facility known as 'Client Code
Modification ... punching of client codes.
In order to rectify the punching of client code, a
facility i.e. Client Code Modification (in short
CCM) is provided
client code
modification. Vide the letter it has been informed that
client codes is a practice under which brokers change the
client codes in safe ... client code modification. Vide the letter it has been
informed that client codes is a practice under which
brokers change the client codes in sale
client code modification. Vide the letter
11
it has been informed that client codes is a practice under which brokers change
the client codes ... client
code modification. Vide the letter it has been informed that client codes is a
practice under which brokers change the client codes in sale
loss incurred through
the transaction of client code modifications. The assessee contended that the
client code modifications were the correction of the punching errors ... there are in few cases
similarity in clients codes which were modified such as client code
modification from code
2008-09
Beneficiary Beneficiary Beneficiary
Client Client
When Original When Modified Net Reduction
Client Client in Income due
(Ascertained (Ascertained to CCM (In
Profit Shifted ... codes modifications so as to facilitate losses and profits to the
clients as per the requirement. He observed that the complete data of the client
client codes at the time of transactions. To rectify the error in punching of
client code, a facility known as 'Client Code Modification ... punching of client codes. In order to rectify the
punching of client code, a facility i.e. Client Code Modification (in short
unique code which
is assigned by a broker to its clients. A broker can issue just one
code to a client. Client Code Modification means ... used as an exception rather than routine. Client code modification
means modification of client code after the execution of trade.
3.1 Over a period
client codes at the
time of transactions. To rectify the error in punching of client code, a
facility known as 'Client Code Modification ... punching of client
codes. In order to rectify the punching of client code, a facility i.e. Client
Code Modification (in short CCM) is provided
client codes at the time of transactions. To rectify the error in
punching of client code, a facility known as 'Client Code Modification ... punching of client
codes. In order to rectify the punching of client code, a facility i.e.
Client Code Modification (in short CCM) is provided
were indulging
in client code modifications and they have confirmed that they
misused the facility of client code modification in order to create
fictitious loses ... client code modifications. It had come
to notice that many brokers were indulging in the tax evasions through
modification in client code modifications
