https://www.taxtmi.com/caselaws?id=471618 Government securities held by banks are treated as stock-in-trade, so diminution in their value, when recorded under banking norms, is allowable as revenue expenditure. An additional depreciation claim raised during assessment may be determined from material already on record. Mutual-fund dividend income is exempt where a revised computation and supporting evidence establish its receipt and no factual rebuttal arises. Taxable income is consequently recomputed after allowing the securities depreciation and exempt-dividend claims. en-us Tue, 08 Apr 2025 00:00:00 +0530 Thu, 10 Sep 2026 20:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471618 Government securities held by banks are treated as stock-in-trade, so diminution in their value, when recorded under banking norms, is allowable as revenue expenditure. An additional depreciation claim raised during assessment may be determined from material already on record. Mutual-fund dividend income is exempt where a revised computation and supporting evidence establish its receipt and no factual rebuttal arises. Taxable income is consequently recomputed after allowing the securities depreciation and exempt-dividend claims. Case-Laws Income Tax Tue, 08 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471618