https://www.taxtmi.com/caselaws?id=792361 Depreciation on held-to-maturity securities had already been decided in earlier Karnataka HC rulings in favour of the assessee, and those binding precedents controlled the matter. The Court held that the Revenue could not reopen the issue merely because the question was stated to be pending before the Supreme Court. As the legal position was settled by prior decisions of the same Court, no substantial question of law arose for consideration, and the Revenue's appeal failed. en-us Thu, 05 Feb 2026 00:00:00 +0530 Wed, 27 May 2026 07:29:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792361 Depreciation on held-to-maturity securities had already been decided in earlier Karnataka HC rulings in favour of the assessee, and those binding precedents controlled the matter. The Court held that the Revenue could not reopen the issue merely because the question was stated to be pending before the Supreme Court. As the legal position was settled by prior decisions of the same Court, no substantial question of law arose for consideration, and the Revenue's appeal failed. Case-Laws Income Tax Thu, 05 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792361