https://www.taxtmi.com/caselaws?id=238575 The High Court of Karnataka dismissed the Revenue's appeal against the Income-tax Appellate Tribunal's decision on valuing investments as stock-in-trade. The court upheld the allowance of a depreciation claim on 'held on maturity' investments treated as stock-in-trade, following a precedent set in a prior case. The judgment favored the assessee, affirming their right to claim depreciation on such investments despite not being regularly traded as per regulatory circulars. en-us Mon, 11 Mar 2013 00:00:00 +0530 Tue, 15 Mar 2022 14:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238575 The High Court of Karnataka dismissed the Revenue's appeal against the Income-tax Appellate Tribunal's decision on valuing investments as stock-in-trade. The court upheld the allowance of a depreciation claim on 'held on maturity' investments treated as stock-in-trade, following a precedent set in a prior case. The judgment favored the assessee, affirming their right to claim depreciation on such investments despite not being regularly traded as per regulatory circulars. Case-Laws Income Tax Mon, 11 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238575