https://www.taxtmi.com/caselaws?id=354066 The appeal was partly allowed in the case. The addition on account of profit from the sale/redemption of investments was ruled in favor of the assessee, citing consistent crediting to the general reserve and accounting treatment changes due to regulations. The denial of exemption under section 10(38) was dismissed as inconsequential. Disallowance of depreciation claimed was allowed for verification. Details on levying interest and the validity of assessment and CIT(A) orders were not provided in the summary. en-us Fri, 12 Jan 2018 00:00:00 +0530 Wed, 17 Jan 2018 12:03:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354066 The appeal was partly allowed in the case. The addition on account of profit from the sale/redemption of investments was ruled in favor of the assessee, citing consistent crediting to the general reserve and accounting treatment changes due to regulations. The denial of exemption under section 10(38) was dismissed as inconsequential. Disallowance of depreciation claimed was allowed for verification. Details on levying interest and the validity of assessment and CIT(A) orders were not provided in the summary. Case-Laws Income Tax Fri, 12 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354066