https://www.taxtmi.com/caselaws?id=257513 The appeals regarding the non-allowance of the full loss on the conversion of AFS to HTM securities and the premium amortized on HTM securities were dismissed. The rectification order under section 154 was invalidated due to the debatable nature of the issue. The Tribunal allowed the depreciation on HTM securities, directing the Assessing Officer to verify and re-compute the income. The reconciliation of international transactions was upheld, with directions for verification and reconciliation by the Assessing Officer. en-us Wed, 25 Feb 2015 00:00:00 +0530 Sat, 14 Mar 2015 06:58:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257513 The appeals regarding the non-allowance of the full loss on the conversion of AFS to HTM securities and the premium amortized on HTM securities were dismissed. The rectification order under section 154 was invalidated due to the debatable nature of the issue. The Tribunal allowed the depreciation on HTM securities, directing the Assessing Officer to verify and re-compute the income. The reconciliation of international transactions was upheld, with directions for verification and reconciliation by the Assessing Officer. Case-Laws Income Tax Wed, 25 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257513