https://www.taxtmi.com/caselaws?id=325826 The Tribunal allowed the appeals, emphasizing that speculative transactions on NCDEX should not be considered turnover for audit under section 44AB and penalty under section 271B. The decision was based on the principle that when two views exist, the one favorable to the assessee should be adopted, as supported by relevant legal precedents. en-us Thu, 11 Feb 2016 00:00:00 +0530 Mon, 21 Mar 2016 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325826 The Tribunal allowed the appeals, emphasizing that speculative transactions on NCDEX should not be considered turnover for audit under section 44AB and penalty under section 271B. The decision was based on the principle that when two views exist, the one favorable to the assessee should be adopted, as supported by relevant legal precedents. Case-Laws Income Tax Thu, 11 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325826