https://www.taxtmi.com/caselaws?id=373310 The High Court upheld the Tribunal's decision allowing depreciation on the valuation of the investment portfolio as stock-in-trade, following precedent set in a previous case involving KARNATAKA BANK LIMITED. The court ruled in favor of the assessee on all issues, except for the excess claim of bad debts written off, which was remanded for fresh consideration by the Assessing Officer. The writ petition was disposed of, with all contentions left open for future proceedings. en-us Tue, 18 Dec 2018 00:00:00 +0530 Wed, 09 Jan 2019 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373310 The High Court upheld the Tribunal's decision allowing depreciation on the valuation of the investment portfolio as stock-in-trade, following precedent set in a previous case involving KARNATAKA BANK LIMITED. The court ruled in favor of the assessee on all issues, except for the excess claim of bad debts written off, which was remanded for fresh consideration by the Assessing Officer. The writ petition was disposed of, with all contentions left open for future proceedings. Case-Laws Income Tax Tue, 18 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373310