https://www.taxtmi.com/highlights?id=13576 Depreciation on securities - if the assessee has consistently treating the value of investment for more than two decades as investment as stock-in-trade and claim depreciation, it is not open to the authorities to disallow the said depreciation on the ground that in the balance-sheet it is shown as investment in terms of the RBI Regulations - HC en-us Thu, 25 Jul 2013 09:19:52 +0530 Thu, 25 Jul 2013 09:19:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=13576 Depreciation on securities - if the assessee has consistently treating the value of investment for more than two decades as investment as stock-in-trade and claim depreciation, it is not open to the authorities to disallow the said depreciation on the ground that in the balance-sheet it is shown as investment in terms of the RBI Regulations - HC Highlights Income Tax Thu, 25 Jul 2013 09:19:52 +0530 https://www.taxtmi.com/highlights?id=13576