ARUP BANERJI,ALLAHABAD vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1 , ALLAHABAD
In the result, the appeal of the assessee is allowed for statistical purposes
ITA 154/ALLD/2024[2015-16]Status: DisposedITAT Allahabad31 Jul 2025AY 2015-16
Bench: SH. SUBHASH MALGURIA, JUDICIAL MEMBER AND SH. NIKHIL CHOUDHARY (Accountant Member)
For Appellant: Sh. S.K. Jaiswal, C.AFor Respondent: Sh. A.K. Singh, Sr. DR
Section 133(6)Section 143(3)Section 234BSection 250Section 43Section 43(5)Section 5
section 43(5) to point out that derivative trading was specifically excluded from the definition of, “speculative transaction” when the transaction was carried out electronically, on screen based systems through stock broker or a sub broker, in accordance with the provisions of the security contracts (Regulation) Act,
1956 or the SEBI Act, 1992 or the Depositories