Section 69
This query is : Resolved
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.
30 May 2020
https://taxguru.in/income-tax/unexplained-investment-under-section-69.html
30 May 2020
https://taxguru.in/income-tax/unexplained-investment-under-section-69.html
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