https://www.taxtmi.com/caselaws?id=412139 The Court dismissed the tax case appeals filed by the revenue challenging the order passed by the Income Tax Appellate Tribunal for assessment years 1992-93 and 1993-94. The Court ruled in favor of the assessee on substantial questions of law related to the treatment of interest on securities and the revaluation of securities for tax purposes. It held that interest income on securities is taxable only on specified dates when due for payment and allowed the loss on revaluation of securities as per market price changes, affirming the Tribunal's decisions. en-us Wed, 18 Aug 2021 00:00:00 +0530 Fri, 10 Sep 2021 21:01:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412139 The Court dismissed the tax case appeals filed by the revenue challenging the order passed by the Income Tax Appellate Tribunal for assessment years 1992-93 and 1993-94. The Court ruled in favor of the assessee on substantial questions of law related to the treatment of interest on securities and the revaluation of securities for tax purposes. It held that interest income on securities is taxable only on specified dates when due for payment and allowed the loss on revaluation of securities as per market price changes, affirming the Tribunal's decisions. Case-Laws Income Tax Wed, 18 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412139