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
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
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
undisclosed income.
5.4, The appellant submitted that he has entered into intraday transaction of shares and on
the same day there was a corresponding purchase ... accepted the contention of the appellant that
only profit out of the intraday transaction should be added. Accordingly, the addition made
which are not disputed, the
assessee has returned speculative business income from intraday
trading in shares amounting ... assessee has gained the speculation profit of
Rs.12,47,234/- from intraday trading and this income is also
used
WARD 5(1), JAIPUR
the assessee is not involved in any intraday share trading. The assessee always sold
her previous day share holding ... adjusted
loss form transaction (Speculation) during the year under consideration. The total
intraday (Speculation) loss on shares is at Rs.5,43,406/- and held
share trading done during the year under appeal
is all 'Intraday', and not 'Inter-day'. Difference between 'Intraday ... Interday' trading is reproduced hereunder:
"With an intraday trade, you take a position in a stock, futures or
currency pair after the markets
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
