https://www.taxtmi.com/caselaws?id=468967 Diminution in value of investments was treated as covered by the Court's earlier decision in the assessee's own case for the same assessment year, so no further reconsideration was required and the issue was decided for the assessee. The separate contention on netting off appreciation against depreciation could not be examined in appeal because it had not been raised before the Tribunal; an issue not argued below cannot be entertained for the first time on appeal. The appeal therefore did not succeed on the unraised contention, while the covered investment valuation issue remained resolved in the assessee's favour. en-us Thu, 21 Aug 2025 00:00:00 +0530 Tue, 26 May 2026 21:06:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468967 Diminution in value of investments was treated as covered by the Court's earlier decision in the assessee's own case for the same assessment year, so no further reconsideration was required and the issue was decided for the assessee. The separate contention on netting off appreciation against depreciation could not be examined in appeal because it had not been raised before the Tribunal; an issue not argued below cannot be entertained for the first time on appeal. The appeal therefore did not succeed on the unraised contention, while the covered investment valuation issue remained resolved in the assessee's favour. Case-Laws Income Tax Thu, 21 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468967