https://www.taxtmi.com/caselaws?id=394466 The court ruled in favor of the assessee on all substantial questions of law. The interpretation of provisions of section 14A(1) of the Income Tax Act favored the assessee, leading to the disposal of the appeal. The excess claim of bad debts written off under Section 36(1)(vii) was also resolved in favor of the assessee based on a previous judgment. Additionally, the court allowed depreciation on the valuation of the investment portfolio by treating investments as stock-in-trade post RBI Master Circular and CBDT Circular, further supporting the assessee's position. en-us Fri, 31 Jan 2020 00:00:00 +0530 Fri, 10 Apr 2020 13:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394466 The court ruled in favor of the assessee on all substantial questions of law. The interpretation of provisions of section 14A(1) of the Income Tax Act favored the assessee, leading to the disposal of the appeal. The excess claim of bad debts written off under Section 36(1)(vii) was also resolved in favor of the assessee based on a previous judgment. Additionally, the court allowed depreciation on the valuation of the investment portfolio by treating investments as stock-in-trade post RBI Master Circular and CBDT Circular, further supporting the assessee's position. Case-Laws Income Tax Fri, 31 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394466