Transactions entered by broker on behalf of principals cannot be added in his income

HIGH COURT OF MADRAS T. Jayachandran Versus Deputy Commissioner of Income-tax, Special Range-III, Chennai T.C. (A) NOS. 366 TO 368 OF 2005 W.P. NOS. 38858, 38859, 38860 OF 2005, 7279, 25811 25812, 25813 OF 2008 & 17040 OF 2011 OCTOBER 29, 2012 JUDGMENT Mrs. Chitra Venkataraman, J.  The assessee has preferred Tax Case (Appeals) Nos.366 to 368 of 2005 as against the order of the Income Tax Appellate Tribunal, raising the following substantial questions of law: (i) Whether on the facts and circumstances of the case, there was any evidence or materials before the Income Tax ...