https://www.taxtmi.com/caselaws?id=399637 The Tribunal allowed the appeal, directing the Assessing Officer to vacate the addition of Rs. 81,72,24,557. It held that the provision for diminution in the value of investments, disallowed in a prior assessment year, could not be taxed again to prevent double taxation. The Tribunal emphasized adherence to legal principles to ensure accurate tax assessment. en-us Mon, 12 Oct 2020 00:00:00 +0530 Thu, 15 Oct 2020 14:36:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399637 The Tribunal allowed the appeal, directing the Assessing Officer to vacate the addition of Rs. 81,72,24,557. It held that the provision for diminution in the value of investments, disallowed in a prior assessment year, could not be taxed again to prevent double taxation. The Tribunal emphasized adherence to legal principles to ensure accurate tax assessment. Case-Laws Income Tax Mon, 12 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399637