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
receiving salary, the
assessee admitted income from letting out of property, business
(intraday) trading in shares, commission and interest income. During the
assessment years ... income, which is extracted as under:
AY 2014-15
S. Particulars Intraday Trading Short Term Long Business Exempt income
No. term
1. Turnover
delete the addition of Rs.32,02,6467- being 5% on
intraday sales without considering that the assessee failed to provide any data with
respect ... speculation loss is correctly arrived at by the assessee
after adjusting intraday purchase and sales.
(vi) The appellant prays that the order
issued by the Commodity Exchange,
client code modification is permitted intraday i.e.
on the same day. There is no penalty if the client
code
issued by the
Commodity Exchange, client code modification is permitted intraday i.e. on
the same day. There is no penalty if the client code
issued by the
Commodity Exchange, client code modification is permitted intraday i.e. on
the same day. There is no penalty if the client code
that all the transactions were
delivery based only and there was no intraday, future & options
transaction made by your appellant. During the year, your
shares declared and mutual
fund as capital gain and profit on intraday sale of shares declared as
speculative transaction. The ld. AR asserted that
submitted the statement of the share
transactions received from share broker including intraday
transactions which resulted in speculation profits/ loss along with STT
paid
impact tax liabilities.
It is generally done by buying or selling stocks intraday so as to
say consciously incurs a loss and use that
