share transactions. However,
the majority of these transactions are speculative transactions being intraday trading
in the shares without actual delivery and, therefore, the value ... only speculative transactions carried out by the assessee in the category of
intraday trading. Thus the turnover for the purpose of section 44AB in respect
2010/CERC, dated 12.12.2019 (w.e.f. 20.1.2010).] (o) [ "Intraday Contract/Contingency Contract" means the contract where the transaction (not being a collective transaction) occurs ... Real-time Contract" means the contract other than day ahead contract and intraday or contingency contract, where collective transactions occur
other structured contracts etc. (iii) Delivery based contracts transacted on Exchange (a) Intraday contract /Contingency contract (b) Day Ahead contract (c) Term Ahead contract
Settlement mechanism (v) (a) Delivery mechanism (b) Delivery Duration - Delivery is for intraday, daily, week, month, particular season or year (vi) Penalty for Contractual Deviation
Hence it is undisputed fact that these
transactions are non-delivery based intraday transactions and classified
7 ITA No. 28/JP/2023
Anirudh Baheti ... assessee when the assessee has done the share trading in intraday
segment and some of the transactions are delivery based transactions
to the extent
levels mentioned by Mathew in his recommendations were
meant only for "intraday traders" and not for the investors. He also found that ... Mathew Easow
in all the four scrips were meant for "intraday trades" and not for the
investors. Further, the resistance level and support
Whether the assessee's loss on account of intraday
trading in shares, is truly speculative in nature and liable to be
treated as such ... ITAT took into consideration the
assessee's explanation that certain intraday transactions - broadly described
as "clearing differences", were held over
trading in shares and Rs.
25,38,408/- loss on account of intraday trading in shares) in view of
Explanation to section ... trading in shares
and Rs. 25,38,408/- loss on account of intraday trading in shares)
and framing the impugned assessment order
assessee when the assessee has done the share
trading in intraday segment and some of the transactions are
delivery based transactions to the extent ... based. However,
the dispute is regarding the turnover in respect of the intraday
transactions carried out by the assessee. The AO has taken the
total
assessee when the assessee has done the share trading in
intraday segment and some of the transactions are delivery based
transactions to the extent ... based. However, the dispute is
regarding the turnover in respect of the intraday transactions
carried out by the assessee. The AO has taken the total
