Stock Trader Wins Appeal: ITAT Rules 63 Client Code Changes Alone Can’t Prove Income Escape

A stock trader has won an appeal at the ITAT, which ruled that "client code changes alone cannot prove income escape." The tribunal found that the tax authorities were wrong to make an addition to income based on a mere change in the client code without any further evidence. The ruling is a significant victory for stock traders and ensures that tax authorities must have concrete evidence to prove a case of tax evasion.