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
from speculation business
ITA No. 5845/Del./2014 5
in respect of intraday transactions in shares and as income from business in
respect of trading ... assessee has done huge transactions in shares
and has also done intraday transactions. It is clear from the finding of the
ITA No. 5845
with the observation that
they have taken place due to intraday sale at lower rate to its
associate concern.
3. In reply to the show ... also true that the fluctuations are inter day and not intraday. The gold
and bullion market though fluctuates over a period of time
Interest on appreciated value of shares
10,000
---
4.
Payout not received, intraday loss
74,000
25,000 *
5.
Non-transfer of share - relief ... days intraday profit on uncleared cheque of Rs.50,000
1,00,000
50,000 *
1,35,421
7. Learned counsel appearing for the petitioner
transactions were carried out as per instructions of complainant and intimation of intraday transactions was given to the complainant. Denying any deficiency on their part ... passed by learned State Commission is neither speaking order nor considered huge intraday transactions of the complainant and question of jurisdiction of Consumer Fora
Disha N . Lalwani, Mumbai vs Ito Wd 23(2)(2), Mumbai on 22 March, 2017
Jaswant J Shah, Mumbai vs Asst Cit Cen Cir 32, Mumbai on 8 May, 2017
indulged in voluminous transaction of purchase and sale of
shares. There were intraday transactions as well as purchase end sale of
shares within a very
company was to hold the shares as
investments, and there being no intraday trading of shares, the income
from sale of the same, wherein both ... sale
transactions of shares, viz. period of holding of the scrips, no intraday transactions,
delivery based purchase/sale transactions etc., therein in itself substantially
evidenced
business
income attributable to the intraday transactions of the shares. Further, Ld Counsel
for the assessee relied heavily on the contents of Circular
