https://www.taxtmi.com/caselaws?id=389887 The Tribunal upheld the CIT(A)'s decisions to dismiss the Revenue's appeal on all grounds. The disallowance of written-off depreciated investments, amortization of premium paid on investments, addition of reserve for unexpired risk in computing book profit under Section 115JB, and disallowance under Section 14A while computing book profit were all in favor of the assessee. The Tribunal held that the AO's actions were not sustainable under the relevant provisions. The decision was rendered on 11th December 2019. en-us Wed, 11 Dec 2019 00:00:00 +0530 Wed, 18 Dec 2019 15:50:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389887 The Tribunal upheld the CIT(A)'s decisions to dismiss the Revenue's appeal on all grounds. The disallowance of written-off depreciated investments, amortization of premium paid on investments, addition of reserve for unexpired risk in computing book profit under Section 115JB, and disallowance under Section 14A while computing book profit were all in favor of the assessee. The Tribunal held that the AO's actions were not sustainable under the relevant provisions. The decision was rendered on 11th December 2019. Case-Laws Income Tax Wed, 11 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389887