DCIT 4 (1)(1), MUMBAI vs. DHARAMSHI SECURITIES P LTD., MUMBAI

The appeal stand dismissed

Bench: Hon’Ble Shri Mahavir Singh, Vp & Hon’Ble Shri Manoj Kumar Aggarwal, Am (Hearing Through Video Conferencing Mode) आयकर अपील िं./ I.T.A. No.6789/Mum/2019 (धििाारण वर्ा / Assessment Year: 2014-15) Dcit-4(1)(1) M/S Dharamshi Securities Limited 6Th Floor, 640, Aaykar Bhawan बनाम/ 1073, Quest, Behind Beau Monde Towers M.K.Road, Mumbai – 400 020 Rajabhau Desai Marg, Prabhadevi Vs. Mumbai – 400 025 Pan No.: Aaacd-3924-G (अपीलाथी/Appellant) (प्रत्यथी / Respondent) : Assessee By : Shri Paresh Shaparia- Ld. Ar Revenue By : Shri Sunil Jha- Ld. Cit-Dr ुनवाई की तारीख/ : 25/05/2021 Date Of Hearing घोषणा की तारीख / : 27/07/2021 Date Of Pronouncement आदेश / O R D E R Manoj Kumar Aggarwal ()

disallow the same in this year also. 3.2 The assessee submitted that no loss was incurred on transactions in cash segment for daily square-off. The other losses were in derivative segment which were to be treated as normal business loss as per Sec. 43(5)(d) of the Act. As a result, the provision of Sec.73 would not apply