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
automatic statement is generated giving net position on
account of total intraday trading by the broker and the net balance is
either paid ... vide details attached).
The assessee also made net payment (after adjustment of intraday
trade for all the clients) to Stock exchange by balancing intraday trade
shares/derivatives/
Futures & Options/Intraday transactions. Since the assessee had
not filed any return of income, though, he has entered into such
3|Page ... that the assessee has derived loss of
Rs.1,46,272/- from intraday transaction, treated it as speculative
loss and disallowed. Thus, he computed
purchase equities and to trade shares for holding and also
intraday; that the complainant deposited Rs.4,66,000/- by way of
6 cheques ... complainant without his consent and
knowledge, thereby made the transactions in intraday for their
own benefit and due to the same, the funds were exhausted
assessee could file one statement of ICICI
Securities wherein the details of intraday trading in shares including
expenditure is enclosed but that statement ... circumstances of the case. I noted that the assessee is engaged in
intraday trading i.e., a type of investing where you buy and sell
Mr. A. Kumar vs Sebi on 23 January, 2023
Author: Tarun Agarwala
Bench: Tarun Agarwala
return. The
details of the same stand as under:
Gain from intraday Transaction ( Transaction Rs.7,14,784/-
without delivery)
STCG (Gain from delivery based ... profit and loss account wherein all the income
with respect to intraday transactions, short-term capital gains and F and O
transactions were duly reflected
complainant who was in haste to receive the
loss in intraday trading. Petitioner has no criminal antecedent
as mentioned in para-3 of this application
point of time was a director of the accused company,
namely, Future Intraday Positional Long Term Capital OPC Pvt. Ltd.
Attention of this Court
Assessing Officer in making addition of
Rs.5,23,674/- as intraday profit received in trading of shares.
3. In the facts and circumstances ... grounds raised are against the addition of
Rs.5,23,674/- as intraday profit received in trading of shares and the
addition
