https://www.taxtmi.com/caselaws?id=279010 The court ruled in favor of the assessee on various issues, including the valuation of unquoted securities using the Yield To Market Ratio (YTM) basis, treatment of current securities as stock in trade, and expenditure on new software as revenue expenditure. It clarified the applicability of Section 14A of the Income Tax Act and allowed depreciation on current investments based on cost or market price. The judgments consistently supported the assessee across different assessment years, emphasizing legal precedents and practical considerations in tax matters. en-us Wed, 12 Dec 2018 00:00:00 +0530 Thu, 28 Feb 2019 06:57:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279010 The court ruled in favor of the assessee on various issues, including the valuation of unquoted securities using the Yield To Market Ratio (YTM) basis, treatment of current securities as stock in trade, and expenditure on new software as revenue expenditure. It clarified the applicability of Section 14A of the Income Tax Act and allowed depreciation on current investments based on cost or market price. The judgments consistently supported the assessee across different assessment years, emphasizing legal precedents and practical considerations in tax matters. Case-Laws Income Tax Wed, 12 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279010