https://www.taxtmi.com/caselaws?id=462353 The SC/Tribunal partially allowed the tax appeal, directing the AO to: (1) verify Securities Transaction Tax (STT) payment and allow exemption under section 10(38), (2) reconsider depreciation disallowance, (3) restore provision for standard assets, and (4) recompute book profits under section 115JB with procedural fairness. The decision followed consistent precedents from prior assessment years, favoring the assessee's position on key tax issues. en-us Mon, 31 Jul 2023 00:00:00 +0530 Sat, 14 Jun 2025 11:41:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462353 The SC/Tribunal partially allowed the tax appeal, directing the AO to: (1) verify Securities Transaction Tax (STT) payment and allow exemption under section 10(38), (2) reconsider depreciation disallowance, (3) restore provision for standard assets, and (4) recompute book profits under section 115JB with procedural fairness. The decision followed consistent precedents from prior assessment years, favoring the assessee's position on key tax issues. Case-Laws Income Tax Mon, 31 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462353