https://www.taxtmi.com/caselaws?id=445021 Delhi HC ruled in favor of a nationalized bank on multiple tax issues. Section 14A disallowance was correctly deleted as shares were held as stock-in-trade, following SC precedent in Maxopp Investment Ltd. HTM securities issue was resolved per Oriental Bank of Commerce precedent. Bank was allowed depreciation on temporary structures based on consistency principle. Interest on overdue deposits and bad debt provisions were allowed following established HC and SC precedents respectively. en-us Wed, 13 Sep 2023 00:00:00 +0530 Fri, 12 Jul 2024 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445021 Delhi HC ruled in favor of a nationalized bank on multiple tax issues. Section 14A disallowance was correctly deleted as shares were held as stock-in-trade, following SC precedent in Maxopp Investment Ltd. HTM securities issue was resolved per Oriental Bank of Commerce precedent. Bank was allowed depreciation on temporary structures based on consistency principle. Interest on overdue deposits and bad debt provisions were allowed following established HC and SC precedents respectively. Case-Laws Income Tax Wed, 13 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445021