reproduced as under:
I am forwarding herewith the copies of Form NO.10DB (five in
numbers) given in respect of the share transactions done ... requested to reconcile the information provided in the Form
NO.10DB with that of information appearing in your regular books of
account in respect
contract note for sale was different than the value
shown in Form 10DB in respect of transactions o f
shares of Ceat Limited ... circular. This derived sale value is then t he
basis for form 10DB on which STT is further calculated. T his
Circular is at Page
fact that the said addition was made on the basis of Form 10DB
issued by the brokers.
(iii) On the facts and in the circumstances ... fact that the
said addition was made on the basis of Form 10DB issued by the brokers.
(v) On the facts and in the circumstances
Anand Rathi Direct India Pvt Ltd Mumbai-A Bench
herewith Form 10DB showing the amount of turnover and STT
paid for each segments in support ... books of account but
only placed reliance on form 10DB issued by the broker. This is
a clear refusal of submitting the information as required
details of bank
Statements showing transaction, (Copy of contract notes, Form 10DB etc were
furnished, thus the addition may be deleted.)
6. The learned ... finding that assessee has not furnished the report under
Form 10DB in support of Security Transaction Tax without appreciating the
fact that the assessee
states that the above specified
limits shall have a tolerance limit of 10dB (A) Leq. The note-iii
states that the specified limit excludes defence ... airport noise zone has
been stipulated with the tolerance limit of 10dB(A) Leq. The
specified limit excludes defence aircraft and aircraft landing and
takeoff
share trading through M/s IL&FS InvestSmart Securities Ltd.
Form 10DB regarding transaction through M/s IL&FS InvestSmart
Securities ... delivery basis. The Assessing Officer failed to
appreciate the fact that Form 10DB which was duly enclosed alongwith
the return of income clearly states that
under:
"2. During the assessment proceedings, as per the Form 10DB, the value
of the sales transaction performed during the financial year ... sale of Future & Options as per Form 10DB is
Rs.43,60,67,303/-. The assessee paid Securities Transaction
furnish evidence of payment of security transaction tax in
form 10DB, along with the return of income; that since the assessee had
filed only from ... 10DB only amounting to Rs. 840/- along with the return
of income, out of the claim of Rs. 18,87,817/- made in the return
ledger account of M/s
JM Financial Pvt. Ltd. As per Form 10DB statement, M/s JM Financial Pvt. Ltd.
has shown total sale ... deducted. The AO stated that code No.3 mentioned
in Form No. 10DB submitted by the J.M. Finance Pvt. Ltd is not actual delivery
