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
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
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
March 2013 we have deal with the same securities and incurred an
intraday profit of Rs. 1839.84/- and incurred a Short Term Loss ... assessee and detailed
transactions report of M/s. Pradip Overseas Ltd. wherein intraday
profit of Rs. 1839 earned by the assessee and also incurred
that the
loss suffered by the appellant on account of intraday trading in the shares
of Indusind Bank was speculative in nature because the transactions ... subsection (5) of
section 43 of the IT Act because the intraday transaction was not carried
out by the appellant to guard against loss
actually the sum of total sold value of total intraday trading done by the assessed
with M/s Coinsecure. It is submitted that the actual ... amount invested in
crypto was traded and churned in the market including intraday trading, wherein
crypto was sold and sold on the same
further failed to appreciate that the assessee has never indulged
in intraday trade in shares and the shares transacted by assessee are only ... appellant assessee, it is an admitted fact
that he was involved in intraday transactions in securities. Secondly, the demat
account did not exhibit this transaction
