PRINCIPAL COMMISSIONER OF INCOME TAX 5 KOLKATA vs. MAMTA CHORARIA

Bench: : The Hon'Ble The Chief Justice T.S Sivagnanam -A N D- Hon'Ble Justice Chaitali Chatterjee (Das) Date : 5Th August, 2025

disallowed the loss of Rs. 39,24,838/- incurred from commodities (MCX) and made addition Rs. 39,78,000/- u/s. 68 of the I.T. Act, 1961 on account of bogus profits from sale of derivatives/stock options through coordinated, premeditated and synchoronized transactions without going into the merits of the case ? b) Whether on the facts and in the circumstances