derivative trading
business, i.e., Initial Margin, Variation Margin, Cash Account
Balance, Margin Call Amount etc.
ITA Nos.160 & 161/Rjt/2018 ... falls below the initial margin requirement when marked to the
closing price at the end of each day a margin call will be made.
Sometimes
make a margin deposit or
furnish additional margin according to changes in market prices. The
constituent shall when from time to time called upon ... Margin, Ledger Balance, Approved Shares at date-1 rate,
Total Deposit, Utilised Margin, Details of Excess or Shortfall in the
Margin and the Calls
matter of fact that the petitioners herein have
failed to pay margin call raised by the Bank on due date and
even after serving notices ... have
suppressed the factum of receipt of notice to pay the margin
call raised by the Bank and challenged the auction as if,
without
issued by the member for
transactions owing to non-compliance of margin calls would
bear a remark specifying the same and the Member would
maintain
stating : " In several decisions
the ITATs have accepted so called high margin comparables. For instance, the ITAT,
Bangalore in the case of Sap Labs ... having margin of 47.79% and Vimta Lab having margin of 57.68%. In
any case, as per TPO in comparability analysis loss or so called higher
itself because collecting loans by the broker purportedly in the
name of margin money is prohibited. To support the argument the Learned
Counsel ... also
given. All these indicate that the so-called margin money deposited was in
the form of a loan since the appellant had never traded
customers on booking bullion and crediting
such money to an account called bullion margin account. As per the
ld. Assessing Officer, huge sums of money ... persons from whom margin monies have been
accepted and pending to be squared up. The AO has specifically
called for the same and has been
informed of any demand for pay-in dues or call for margin by the respondent is unbelievable. The Applicant might say that the shares were
engaged in distribution of finished formulations imported from its
Associated Enterprises( hereinafter called " the AE"). The assessee imports
finished formulations from ... observed that the assessee has considered the Transactional Net Margin
Method (hereinafter called "TNMM") as the most appropriate method and
operating profit margin
Union Of India vs Godhu (Deceased) on 28 November, 2018
LAC No.48/2016
IN
