https://www.taxtmi.com/highlights?id=24399 Addition relating to shifting of profits made - AO has not brought any material on record to show that the assessee had received back corresponding amount equivalent to the amount of profit claimed to have been shifted to the clients. The AO has mainly relied upon the report given by the MCX and has drawn adverse conclusions without bringing any material to support his view. - AT en-us Wed, 26 Aug 2015 10:39:01 +0530 Wed, 26 Aug 2015 10:39:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=24399 Addition relating to shifting of profits made - AO has not brought any material on record to show that the assessee had received back corresponding amount equivalent to the amount of profit claimed to have been shifted to the clients. The AO has mainly relied upon the report given by the MCX and has drawn adverse conclusions without bringing any material to support his view. - AT Highlights Income Tax Wed, 26 Aug 2015 10:39:01 +0530 https://www.taxtmi.com/highlights?id=24399