transactions were done through electronic scheme based systems through brokers
registered with SEBI. The contract notes indicated the PAN number of the assessee ... time stamped contract not issued by such
stock broker or sub-broker or such other intermediatory to every client indicating the contract
note the unit
return. Sale under question is
supported with following evidences/details:-
a) Contract note giving date, time settlement details etc
b) STT is paid on transaction ... sale consideration is also
supported by following evidences:-
a) Contract note giving date, time settlement details etc
b) STT is paid on transaction
c) Transaction
That all the eligible transactions
are supported by a time stamped contract note issued by stock broker.
3. Eligibility as business loss ... recognized stock exchange and which is supported by time stamped contract
note issued by such stock broker or sub-broker or intermediary to every client
M/S. Dharampal Satyapal Ltd., Delhi vs Acit, New Delhi on 7 October, 2020
IN
supply contracts, therefore, there is
no question of any attribution of income on account of these activities which
are purely related to supply contracts. Accordingly ... However, please
note that in facts of the Appellant's case, supply contracts entered with:
Indian customers were negotiated through electronic means or through
assessment proceedings, was not carrying delivery receipts with him.
b. The contract notes themselves contain details of delivery of
commodities for which the assessee ... notes. Thus, in absence of the evidence of the delivery the trading
activities in commodities were speculative in nature. Merely claiming
that the contract notes
assessment proceedings, was not carrying delivery receipts with him.
b. The contract notes themselves contain details of delivery of
commodities for which the assessee ... notes. Thus, in absence of the evidence of the delivery the trading
activities in commodities were speculative in nature. Merely claiming
that the contract notes
assessment proceedings, was not carrying delivery receipts with him.
b. The contract notes themselves contain details of delivery of
commodities for which the assessee ... notes. Thus, in absence of the evidence of the delivery the trading
activities in commodities were speculative in nature. Merely claiming
that the contract notes
carried out electronically on screen
based system through stock broker and the trading should be supported
by a time stamp contract note issued by such
electronic screen in the
name of assessee therein. But in the present facts of the
case there has been no contract notes that has been
