https://www.taxtmi.com/highlights?id=58977 Disallowance of loss on revaluation of bonds and sale of RBI Bonds - capital or current asset - There is consistency in the pattern followed by the assessee and considering the nature of business the assessee has been doing, the bonds are rightly treated as current assets in the facts and circumstances of the case. The finding of fact recorded by the Tribunal is proper and correct - HC en-us Thu, 29 Jul 2021 13:51:01 +0530 Thu, 29 Jul 2021 13:51:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58977 Disallowance of loss on revaluation of bonds and sale of RBI Bonds - capital or current asset - There is consistency in the pattern followed by the assessee and considering the nature of business the assessee has been doing, the bonds are rightly treated as current assets in the facts and circumstances of the case. The finding of fact recorded by the Tribunal is proper and correct - HC Highlights Income Tax Thu, 29 Jul 2021 13:51:01 +0530 https://www.taxtmi.com/highlights?id=58977