https://www.taxtmi.com/highlights?id=56595 Addition u/s 69 - When the AO does not know as to who is the broker to whom alleged amount is given, AO was not justified in making estimate based on general information that assessee has given the impugned amount to the broker for transaction in MCX. Since, it is an admitted case that assessee suffered loss in MCX transactions, therefore, there was no justification to make estimated addition - AT en-us Fri, 05 Feb 2021 07:06:28 +0530 Fri, 05 Feb 2021 07:06:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56595 Addition u/s 69 - When the AO does not know as to who is the broker to whom alleged amount is given, AO was not justified in making estimate based on general information that assessee has given the impugned amount to the broker for transaction in MCX. Since, it is an admitted case that assessee suffered loss in MCX transactions, therefore, there was no justification to make estimated addition - AT Highlights Income Tax Fri, 05 Feb 2021 07:06:28 +0530 https://www.taxtmi.com/highlights?id=56595