https://www.taxtmi.com/caselaws?id=470931 Loss arising from market-value fluctuation of securities classified as Available for Sale and held in the course of banking business is allowable as a revenue loss. Securities acquired under banking norms require valuation at market price, and the difference between book value and market value arises in the ordinary course of that business. Accordingly, the valuation loss is deductible as a revenue loss and the disallowance is deleted. en-us Fri, 28 Mar 2025 00:00:00 +0530 Fri, 14 Aug 2026 07:13:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470931 Loss arising from market-value fluctuation of securities classified as Available for Sale and held in the course of banking business is allowable as a revenue loss. Securities acquired under banking norms require valuation at market price, and the difference between book value and market value arises in the ordinary course of that business. Accordingly, the valuation loss is deductible as a revenue loss and the disallowance is deleted. Case-Laws Income Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470931