Penalty levied by SEBI for shortfall in margin money eligible for Deduction u/s 37: ITAT [Read Order]

Penalty - SEBI - Deduction - ITAT - taxscan

Income Tax Appellate Tribunal (ITAT), Mumbai held that penalty levied by SEBI for shortfall in margin money eligible for Deduction u/s 37. The assessee company, DJS Stock and Shares Ltd is engaged in the business of the share broking and trading in shares and securities. During the year under consideration, the assessee has paid a…

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