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
lots of crude oil derivatives vide
trade on intraday basis [intraday basis as on 20.02.2020 is what we are
now concerned with]; that 200 lots ... management/assessment policy/system. The said
document contains the following note:
“*Note:
Intraday square off timings can change based
on the discretion of our risk
wife (accused No.3)
informed the complainant that they were engaged in intraday
share trading. They persuaded the complainant to invest money in
share trading ... wife of applicant No.2 and is engaged in
intraday share trading. On that basis, applicant No.2 persuaded
the complainant to invest money, assuring
respondent had traded in 850 lots of crude oil derivatives on intraday
basis on the said date. Out of the 850 lots, 650 lots were ... Management Policy of the petitioner/broker, he pointed out that
any open intraday position, which could not be squared off on the same
respondent had traded in 850 lots of crude oil derivatives on intraday
basis on the said date. Out of the 850 lots, 650 lots were ... Management Policy of the
petitioner/broker, he pointed out that any open intraday position, which could
not be squared off on the same
respondent had traded in 850 lots of crude oil derivatives on intraday
basis on the said date. Out of the 850 lots, 650 lots were ... Management Policy of the
petitioner/broker, he pointed out that any open intraday position, which could
not be squared off on the same
2019 22:28:43 :::
ppn 3 9.arbp-719.17.doc
'Intraday' Trade before the appellate arbitral tribunal, the petitioner
produced the conversation between ... submission that the respondent had
admitted that there was 'Intraday' trade, the same did not prove the said
contention.
5. Learned counsel
contended by the petitioner
that respondent no. 1 had himself opted for Intraday Trading on 04.01.2008 and as per the
standard procedure respondent ... required to close out his intraday pending positions
by 3 p.m on the trade date itself which he failed to do so without
year
2009. The said feature allows the customers to execute intraday
transactions thereby offering them maximum trading advantages in
terms of limits. The said feature ... catering to a different clientele.
MAX TRADE is used only for online intraday trading in NSE, BSE,
MCX etc. and therefore has a clientele comprising
Securities Services
Ltd.
2. He also suggested that intraday benefits be extended over
and above available collaterals to some selected client,
which resulted in facilitation ... submitted by the applicant that in emails, the Applicant only suggested
that intraday benefits should be extended to some clients as a part
