DCIT v. Kaizen Stock Trade (P.) Ltd. (2021) 191 ITD 222 (Ahd.)(Trib.)

S. 28(i) : Business loss-Client code modification-Alleged bogus loss-National stock exchange-Less than 1 percent of total.

Held that number of transactions in respect of which client codes were modified were less than 1 per cent of total transactions carried out by assessee.  Client code could not be called a colourable device adopted for shifting out and shifting in profit/loss. Deletion of addition was held to be justified. (AY. 2010-11)