https://www.taxtmi.com/caselaws?id=284216 The High Court allowed depreciation on the valuation of the investment portfolio, treating the investments as stock-in-trade, following a precedent set in a previous case. The Court ruled in favor of the assessee, citing consistency with earlier decisions. The Court also determined that the Tribunal's order was not perverse, as it aligned with the judgment in a related case, leading to the dismissal of the writ petition. en-us Tue, 18 Dec 2018 00:00:00 +0530 Thu, 07 Nov 2019 08:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284216 The High Court allowed depreciation on the valuation of the investment portfolio, treating the investments as stock-in-trade, following a precedent set in a previous case. The Court ruled in favor of the assessee, citing consistency with earlier decisions. The Court also determined that the Tribunal's order was not perverse, as it aligned with the judgment in a related case, leading to the dismissal of the writ petition. Case-Laws Income Tax Tue, 18 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284216