https://www.taxtmi.com/caselaws?id=393733 The Revenue's appeals challenging the allowability of depreciation on Held to Maturity (HTM) securities were dismissed by the Tribunal, citing precedents favoring the assessee. The Tribunal allowed the assessee's appeals partially on the restriction of claim under Section 36(1)(viia) and disallowance under Section 14A, deleting the disallowances. Additionally, the disallowance under Section 40(a)(ia) for short deduction of tax was deleted based on judicial precedents. The Tribunal remanded the issue of the applicability of Section 115JB back to the CIT(A) for further examination, allowing the assessee's appeal for statistical purposes. en-us Fri, 13 Mar 2020 00:00:00 +0530 Tue, 06 Dec 2022 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393733 The Revenue's appeals challenging the allowability of depreciation on Held to Maturity (HTM) securities were dismissed by the Tribunal, citing precedents favoring the assessee. The Tribunal allowed the assessee's appeals partially on the restriction of claim under Section 36(1)(viia) and disallowance under Section 14A, deleting the disallowances. Additionally, the disallowance under Section 40(a)(ia) for short deduction of tax was deleted based on judicial precedents. The Tribunal remanded the issue of the applicability of Section 115JB back to the CIT(A) for further examination, allowing the assessee's appeal for statistical purposes. Case-Laws Income Tax Fri, 13 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393733