Held that the assessee had shown revenue from operations added under section 68 of the Act and the assessee is eligible for set off to make the entire exercise tax neutral. Addition is deleted. (AY.2014-15)
Aadinath Securities P. Ltd. v. ITO (2024)113 ITR 423 (Mum)(Trib)
S. 68 : Cash credits-Fictitious transactions-Losses can be set off-Entire exercise becoming tax neutral-Derivative gain-Addition is deleted.
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