THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2,, RAJKOT vs. SHRI NILESH NATWARLAL SHETH, , RAJKOT
In the result, the CO filed by the assessee is dismissed
ITA 38/RJT/2018[2009-10]Status: DisposedITAT Rajkot31 Oct 2022AY 2009-10
Bench: Shri Waseem Ahmed & Shri Tr Senthil Kumarआयकर अपील सं./Ita No. 38/Rjt/2018 With C.O No.16/Rjt/2018 िनधा"रण वष"/Asstt. Years: 2009-2010 D.C.I.T., Shri Nilesh Natwarlal Sheth, Central Circle-2, Vs. Prop. Of M/S.Kruna Finvest, Rajkot. 403-Star Chambers, Harihar Chowk, Rajkot.
For Appellant: Shri Mehul Patel, A.RFor Respondent: Shri Shramdeep Sinha, CIT. D.R
Section 133A
36,161. Therefore, the client code modification is less than 1% of the total trading transactions. As per circular of Commodity Exchange, client code modification upto 1% is quite normal and is permitted without any penalty. That the Assessing Officer has not given any reason on what basis he presumed the client code modifications to be unusually high