Business

ITAT says genuine F&O profits cannot be called bogus without evidence linking traders to manipulation

livemint.com 13 h

India

ITAT says genuine F&O profits cannot be called bogus without evidence linking traders to manipulation — Sources: livemint.com

Mumbai ITAT has ruled that genuine F&O and commodity trading profits cannot be treated as bogus accommodation entries without specific evidence. The decision stresses independent verification by tax officers and offers important clarity for retail traders facing reassessment.

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