https://www.taxtmi.com/caselaws?id=169949 The Court upheld the Tribunal's decisions in favor of the assessee, allowing the deduction for diminution in the value of securities, treating interest paid on charge of investments as revenue expenditure, considering loss on sale of security as revenue loss, and viewing payment of subscription fees to SEBI as revenue expenditure. The judgments were based on established legal principles, affirming the Tribunal's findings and ruling against the Revenue on all issues raised. The appeal was dismissed, resulting in a favorable outcome for the assessee. en-us Mon, 13 Jul 2009 00:00:00 +0530 Wed, 04 Oct 2023 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169949 The Court upheld the Tribunal's decisions in favor of the assessee, allowing the deduction for diminution in the value of securities, treating interest paid on charge of investments as revenue expenditure, considering loss on sale of security as revenue loss, and viewing payment of subscription fees to SEBI as revenue expenditure. The judgments were based on established legal principles, affirming the Tribunal's findings and ruling against the Revenue on all issues raised. The appeal was dismissed, resulting in a favorable outcome for the assessee. Case-Laws Income Tax Mon, 13 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169949