https://www.taxtmi.com/caselaws?id=361063 The Tribunal allowed the Revenue's appeal on the deduction under Section 36(1)(viia) by limiting the deduction to the actual provision made in the books, following the decision of the Punjab & Haryana High Court. The Tribunal remanded the issue of deduction under Section 36(1)(viii) for fresh consideration. It upheld the allowance of depreciation on investments held to maturity (HTM) as stock-in-trade based on the Karnataka High Court's ruling. The Tribunal dismissed the addition on stale drafts and pay orders under Section 41(1) and disallowed interest expenses under Section 40(a)(ia) for interest paid without TDS. en-us Wed, 25 Apr 2018 00:00:00 +0530 Mon, 28 May 2018 10:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361063 The Tribunal allowed the Revenue's appeal on the deduction under Section 36(1)(viia) by limiting the deduction to the actual provision made in the books, following the decision of the Punjab & Haryana High Court. The Tribunal remanded the issue of deduction under Section 36(1)(viii) for fresh consideration. It upheld the allowance of depreciation on investments held to maturity (HTM) as stock-in-trade based on the Karnataka High Court's ruling. The Tribunal dismissed the addition on stale drafts and pay orders under Section 41(1) and disallowed interest expenses under Section 40(a)(ia) for interest paid without TDS. Case-Laws Income Tax Wed, 25 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361063