https://www.taxtmi.com/caselaws?id=422249 The Tribunal upheld the CIT(A)'s decision that profits from Futures & Options (F&O) trading should be treated as business income, not undisclosed income under Section 68. Additionally, the Tribunal agreed with the CIT(A)'s deletion of the addition under Section 69C for brokerage and commission expenses, citing the inapplicability of amended Section 115BBE for the relevant assessment year. The Tribunal dismissed the revenue's appeal, affirming the CIT(A)'s rulings on all issues. en-us Thu, 28 Apr 2022 00:00:00 +0530 Thu, 12 May 2022 08:44:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422249 The Tribunal upheld the CIT(A)'s decision that profits from Futures & Options (F&O) trading should be treated as business income, not undisclosed income under Section 68. Additionally, the Tribunal agreed with the CIT(A)'s deletion of the addition under Section 69C for brokerage and commission expenses, citing the inapplicability of amended Section 115BBE for the relevant assessment year. The Tribunal dismissed the revenue's appeal, affirming the CIT(A)'s rulings on all issues. Case-Laws Income Tax Thu, 28 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422249