2018 (12) TMI 1944

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....THE APPELLANT : SRI E. I. SANMATHI, ADVOCATE FOR THE RESPONDENT : SRI K. P. KUMAR, SENIOR ADVOCATE ALONG WITH SRI BALRAM R. RAO, ADVOCATE JUDGMENT The appeal was admitted to consider the following two substantial questions of law: "i. Whether on the facts and circumstances of the case, the Tribunal was correct in holding that depreciation on valuation of investment portfolio is allowable b....