No Trade, No Income – Broker’s PAN Error Collapses Addition

Debasis Mukhopadhyay Vs ITO (ITAT Kolkata) Wrong PAN Uploaded by Broker—Kolkata ITAT Deletes Bogus Commodity Profit Addition; No Trade, No Income:Broker Admits Error in UCC Upload Kolkata ITAT ‘SMC’ Bench in Debasis Mukhopadhyay vs ITO, Ward-61(1), Kolkata (ITA No.2011/Kol/2025, AY 2011-12, order dated 23-12-2025) allowed the assessee’s appeal and deleted the addition of ₹4,01,687, holding that the alleged commodity profit was wrongly attributed to the assessee due to incorrect PAN upload by the broker. he assessment was reopened u/s 147 on the basis of information that the assessee ...