Pledging of Shares of Clients with Banks for obtaining Bank Finance and for depositing margin money not violation of regulation of SEBI: ITAT deletes Addition against Share Broker [Read Order]

By Taxscan Team - On July 18, 2022 8:10 am - 2 mins read

shares - banks - bank finance - margin money - SEBI - ITAT - Share Broker - taxscan

Income Tax Appellate Tribunal (ITAT), New Delhi deleted addition against share broker as pledging of shares of clients with banks for obtaining bank finance and for depositing margin money not violation of regulation of SEBI. The assessee, Trustline Securities Pvt. Ltd is a company which is a member of National Stock Exchange (“NSE”) and also…

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