https://www.taxtmi.com/caselaws?id=177118 The Tribunal dismissed the Revenue's appeal against the Commissioner of Income-tax (A)'s decisions regarding depreciation of the investment portfolio and deletion of addition of expenditure related to exempt income. The Tribunal upheld the bank's treatment of the investment portfolio as stock-in-trade, allowing depreciation based on ITAT precedent. Additionally, the Tribunal supported the deletion of the expenditure addition related to exempt income, citing Rule 8D as prospective from a later assessment year. The Tribunal's decision was based on legal interpretations and previous ITAT rulings. en-us Tue, 31 May 2011 00:00:00 +0530 Mon, 04 Jan 2016 10:49:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177118 The Tribunal dismissed the Revenue's appeal against the Commissioner of Income-tax (A)'s decisions regarding depreciation of the investment portfolio and deletion of addition of expenditure related to exempt income. The Tribunal upheld the bank's treatment of the investment portfolio as stock-in-trade, allowing depreciation based on ITAT precedent. Additionally, the Tribunal supported the deletion of the expenditure addition related to exempt income, citing Rule 8D as prospective from a later assessment year. The Tribunal's decision was based on legal interpretations and previous ITAT rulings. Case-Laws Income Tax Tue, 31 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177118