representing the gross amount of shares purchased and sale in
intraday during the year 2009-10. This information was very much available before
the learned
taxable quantum income up to Rs. 1,60,000/-
for intraday transaction. This would indicate that as per
annexure obtained from MCX the amount
amounting to
Rs.10,1,0,75,192/-
b. Loss on Intraday trading on BSE/NSE in shares
Rs.25,38,407/-
c. Loss
submission,
the appellant has clearly stated that he deals in share (including
intraday) and all the records relating to such transactions are
mentioned online
gone
through the Terms and Conditions of Auto Square
off of our intraday trades in commodity segment
before end of the market
equity trades, then no bifurcation of
trades which were intraday and pure speculative and other
which are non-speculative have been furnished by the
assessee
contention. The profit
or loss as calculated on the basis of intraday trading are genuine
transactions where profit or loss is actually earned/incurred. There
market. His main strategy is
mainly that of an arbitrageur and an intraday trader. He
submitted that so far as the self-trades are concerned
account of Short Term
Capital Gain on intraday transactions and futures and options.
Since, the assessee did not appear before the learned CIT(A)
despite
share transaction. And most of
the transactions were done on intraday basis and in support of its contention,
assessee also filed copies of ledger account