https://www.taxtmi.com/caselaws?id=401190 The court dismissed the tax case appeal filed by the Revenue, ruling in favor of the assessee regarding the allowability of amortisation expenses, brokerage expenses, loss on sale of securities of HTM category, and broken period interest as revenue expenditure for the assessment year 2004-05. The court referred to previous judgments and rulings, including the Bombay High Court case of American Express International Banking Corporation Vs. CIT, to support its decision. The court concluded by dismissing the appeal and connected CMP without costs. en-us Wed, 04 Nov 2020 00:00:00 +0530 Sat, 28 Nov 2020 10:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401190 The court dismissed the tax case appeal filed by the Revenue, ruling in favor of the assessee regarding the allowability of amortisation expenses, brokerage expenses, loss on sale of securities of HTM category, and broken period interest as revenue expenditure for the assessment year 2004-05. The court referred to previous judgments and rulings, including the Bombay High Court case of American Express International Banking Corporation Vs. CIT, to support its decision. The court concluded by dismissing the appeal and connected CMP without costs. Case-Laws Income Tax Wed, 04 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401190