https://www.taxtmi.com/caselaws?id=396854 The Tribunal partly allowed the appeal, ruling in favor of the assessee on certain grounds related to the treatment of securities as stock-in-trade instead of investments, and the computation of diminution value on securities. However, the disallowance under section 36(1)(viia) of the Act was upheld, emphasizing the necessity of provisions being made in the books of account for deductions. en-us Fri, 17 Jul 2020 00:00:00 +0530 Tue, 21 Jul 2020 19:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396854 The Tribunal partly allowed the appeal, ruling in favor of the assessee on certain grounds related to the treatment of securities as stock-in-trade instead of investments, and the computation of diminution value on securities. However, the disallowance under section 36(1)(viia) of the Act was upheld, emphasizing the necessity of provisions being made in the books of account for deductions. Case-Laws Income Tax Fri, 17 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396854