https://www.taxtmi.com/caselaws?id=401730 The HC ruled in favor of the assessee on all three substantial questions of law. The court upheld the ITAT's decision allowing depreciation on the investment portfolio, disallowance of expenses related to exempted income was overturned, and it was determined that Section 194H was inapplicable to service charges, dismissing the revenue's appeal. en-us Mon, 23 Nov 2020 00:00:00 +0530 Mon, 04 Nov 2024 12:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401730 The HC ruled in favor of the assessee on all three substantial questions of law. The court upheld the ITAT's decision allowing depreciation on the investment portfolio, disallowance of expenses related to exempted income was overturned, and it was determined that Section 194H was inapplicable to service charges, dismissing the revenue's appeal. Case-Laws Income Tax Mon, 23 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401730