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.

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)

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