ITAT Deletes addition made on account of loss from Derivative Trading adjusted with Business Income [Read Order]

ITAT - addition - made - account - loss - Derivative - Trading - Business - Income - TAXSCAN

The Income Tax Appellate Tribunal (ITAT), Kolkata Bench deletd the addition made on account of loss from derivative trading adjusted with business Income. The assessee Kippy Engineering Private Limited  filed return of income on 29.09.2013 for the assessment year. Subsequently, the assessee’s case was selected for scrutiny under CASS. During the assessment proceedings, the AO…

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