https://www.taxtmi.com/caselaws?id=788249 Client code modification entries carried out by the broker, and not at the assessee's instance, were already reflected in the assessee's trading account and profit and loss account. In those circumstances, separate additions for fictitious purchase, fictitious sale, and the profit element could not be sustained, because the same turnover and resulting income would be taxed again. The tribunal held that once the transactions and their profit are disclosed in the regular books, no duplicative addition can be made on the same entries. The Revenue's challenge therefore failed and the additions were deleted. en-us Thu, 05 Feb 2026 00:00:00 +0530 Thu, 19 Mar 2026 08:59:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788249 Client code modification entries carried out by the broker, and not at the assessee's instance, were already reflected in the assessee's trading account and profit and loss account. In those circumstances, separate additions for fictitious purchase, fictitious sale, and the profit element could not be sustained, because the same turnover and resulting income would be taxed again. The tribunal held that once the transactions and their profit are disclosed in the regular books, no duplicative addition can be made on the same entries. The Revenue's challenge therefore failed and the additions were deleted. Case-Laws Income Tax Thu, 05 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788249