2025 (6) TMI 948

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....e' of the assessee. 3. The brief facts qua the issue involved are that assessee is into business of trading in F & O. He has filed his return of income on 06/12/2016 declaring total income of Rs. 3,71,820/-. Before the ld. AO assessee has filed financial statement of stock broker, Anurag Stock Broking Pvt. Ltd., from such statement AO inferred that assessee has profit of Rs. 4,33,564/-. He has considered the closing debit balance as profit of Rs. 4,33,564/-. Without giving any reasons that how it is an income, he has made the addition of Rs. 4,33,564/-. Ld. CIT (A) has dismissed the appeal exparte. 4. Before us ld. Counsel has submitted that the ld. AO has misunderstood and misinterpreted the ledger account of the broker and in support he....

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....98 NM005 03-03-16 SJ9229 NSE_FNO BILL ENTRY FOR FO-20160302   210192 434904.98 NM005 03-03-16 SJ9230 NSE_FNO BILL DEBIT MARGIN ENTRY FOR FO- 1868794.49   -1433889.51 NM005 03-03-16 SJ9230 NSE_FNO BILL CREDIT MARGIN ENTRY FOR FO   1684557 250667.49 NM005 03-04-16 SJ9230 NSE_FNO BILL ENTRY FOR FO-20160303   4447 255114.49 NM005 03-04-16 SJ9231 NSE_FNO BILL DEBIT MARGIN ENTRY FOR FO- 1752192.99   -1497078.5 NM005 03-04-16 SJ9231 INSE_FNO BILL CREDIT MARGIN ENTRY FOR FO   1868794.49 371715.99 NM005 03-08-16 SJ9231 NSE_FNO BILL ENTRY FOR FO-20160304   210638 582353.99 NM005 03-08-16 SJ9232 NSE_FNO BILL DEBIT MARGIN ENTRY FOR FO- 2157661.51   -1575307.....

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....98968.02 221751.48 NM005 16/03/2016 SJ9238 NSE_FNO BILL CREDIT MARGIN ENTRY FOR FO   1729237.5 1950988.98 NM005 16/03/2016 SJ9238 INSE_FNO BILL DEBIT MARGIN ENTRY FOR FO- 1829004.02   121984.96 NM005 17/03/2016 SJ9238 NSE_FNO BILL ENTRY FOR FO-20160316 5746   116238.96 NM005 17/03/2016 SJ9239 INSE_FNO BILL CREDIT MARGIN ENTRY FOR FO   1829004.02 1945242.98 NM005 17/03/2016 SJ9239 NSE_FNO BILL DEBIT MARGIN ENTRY FOR FO- 2008366.75   -63123.77 NM005 18/03/2016 SJ9239 NSE_FNO BILL ENTRY FOR FO-20160317 31621   -94744.77 NM005 18/03/2016 SJ9240 INSE_FNO BILL CREDIT MARGIN ENTRY FOR FO   2008366.75 1913621.98 NM005 18/03/2016 SJ9240 NSE_FNO BILL DEBIT MARGIN....