Assessee's Speculative Profits Deemed Income Laundering; Additions Confirmed u/s 68 of Income Tax Act.

Assessee's Speculative Profits Deemed Income Laundering; Additions Confirmed u/s 68 of Income Tax Act. https://www.taxtmi.com/highlights?id=32057 Addition income u/s 68 - the assessee had not earned any speculation income but had merely laundered his undisclosed income for speculation profits by entering into dubious transactions in order to avail set off against brought forward unabsorbed speculation loss - additions confirmed - AT en-us Fri, 11 Nov 2016 11:26:57 +0530 Fri, 11 Nov 2016 11:26:57 +0530 TaxTMI RSS Generator Assessee's Speculative Profits Deemed Income Laundering; Additions Confirmed u/s 68 of Income Tax Act. https://www.taxtmi.com/highlights?id=32057 Addition income u/s 68 - the assessee had not earned any speculation income but had merely laundered his undisclosed income for speculation profits by entering into dubious transactions in order to avail set off against brought forward unabsorbed speculation loss - additions confirmed - AT Highlights Income Tax Fri, 11 Nov 2016 11:26:57 +0530 https://www.taxtmi.com/highlights?id=32057