https://www.taxtmi.com/caselaws?id=342517 The Court dismissed the appeal, ruling in favor of the Respondent on all three issues. The Court held that depreciation on transfer of securities from AFS to HTM category was allowable, disallowance of amortization in HTM category was not justified, and adding unclaimed dividend to income would result in double taxation as it had already borne income tax. The Court found no substantial question of law in the issues raised by the Revenue and did not entertain them, ultimately dismissing the appeal without awarding costs. en-us Mon, 27 Mar 2017 00:00:00 +0530 Sat, 06 May 2017 07:59:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342517 The Court dismissed the appeal, ruling in favor of the Respondent on all three issues. The Court held that depreciation on transfer of securities from AFS to HTM category was allowable, disallowance of amortization in HTM category was not justified, and adding unclaimed dividend to income would result in double taxation as it had already borne income tax. The Court found no substantial question of law in the issues raised by the Revenue and did not entertain them, ultimately dismissing the appeal without awarding costs. Case-Laws Income Tax Mon, 27 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342517