https://www.taxtmi.com/caselaws?id=178362 The Tribunal allowed the taxpayer's appeals, overturning the disallowance of loss on the revaluation of securities for the assessment years 2000-01 to 2003-04. Relying on Kerala HC judgments and RBI guidelines, the Tribunal held that the taxpayer's valuation method based on YTM was acceptable since no alternative valuation formula was provided by the assessing officer. The orders disallowing the loss were set aside, directing the assessing authority to permit the claimed loss on securities revaluation. (Order pronounced on September 18, 2012) en-us Tue, 18 Sep 2012 00:00:00 +0530 Tue, 14 Nov 2017 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178362 The Tribunal allowed the taxpayer's appeals, overturning the disallowance of loss on the revaluation of securities for the assessment years 2000-01 to 2003-04. Relying on Kerala HC judgments and RBI guidelines, the Tribunal held that the taxpayer's valuation method based on YTM was acceptable since no alternative valuation formula was provided by the assessing officer. The orders disallowing the loss were set aside, directing the assessing authority to permit the claimed loss on securities revaluation. (Order pronounced on September 18, 2012) Case-Laws Income Tax Tue, 18 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178362