https://www.taxtmi.com/caselaws?id=338182 The High Court upheld the decision of the Tribunal to add Rs. 45 lakhs towards provision for diminution in the value of securities for the appellant Cooperative Bank for A.Y. 2003-04 to 2006-07. The Court agreed that the claimed depreciation was on securities held for trading and not on securities held to maturity. The appellant's attempt to claim the loss in the current year after not doing so in earlier years when deductions were available was deemed incorrect. The Court dismissed the appeal, affirming the Tribunal's decision. en-us Tue, 17 Jan 2017 00:00:00 +0530 Fri, 27 Jan 2017 08:59:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338182 The High Court upheld the decision of the Tribunal to add Rs. 45 lakhs towards provision for diminution in the value of securities for the appellant Cooperative Bank for A.Y. 2003-04 to 2006-07. The Court agreed that the claimed depreciation was on securities held for trading and not on securities held to maturity. The appellant's attempt to claim the loss in the current year after not doing so in earlier years when deductions were available was deemed incorrect. The Court dismissed the appeal, affirming the Tribunal's decision. Case-Laws Income Tax Tue, 17 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338182