Case Law Details
Case Name : Dy. CIT Vs. Shri Shreyas S. Morakhia (ITAT Mumbai)
Related Assessment Year :
Courts :
All ITAT ITAT Mumbai
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Bad debts allowed to share broker for amount not recovered from the client towards purchase of shares
Dy. CIT Vs. Shri Shreyas S. Morakhia (ITA No. 3374 / Mum / 2004)
ITAT Mumbai
Facts
· The taxpayer, a share broker, purchased certain shares on behalf of the client. However, he could not recover the amount due from the client and claimed deduction for s
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