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Section 69

This query is : Resolved 
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(Querist)
21 November 2019 I had done Comodity trading in FY 2011-12 and incurred loss of Rs. 412600/- from transaction. My file was reopen u/s 148 and AO Pass order u/s 144 on basis of details received from MCX. In order he treated unexplained investment upto loss and same will treated as Income u/s 69 of the Act. Is he made correct addition or suggest any case law in support of me.
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Aashok Kumar Sharma

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Aashok Kumar Sharma (Expert)
30 May 2020 https://taxguru.in/income-tax/unexplained-investment-under-section-69.html
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Aashok Kumar Sharma

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Aashok Kumar Sharma (Expert)
30 May 2020 https://taxguru.in/income-tax/unexplained-investment-under-section-69.html
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