2026 (5) TMI 1563

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....pellant : Sri Sushal Tiwari, Standing Counsel For the Respondent : Smt. Tanmayee Rajkumar, Advocate ORAL JUDGMENT PER: HON'BLE MR. JUSTICE K.V. ARAVIND: This appeal is filed by the Revenue impugning the order passed in ITA No.1834/Bang/2018 for the Assessment Year 2014-15. 2. The appeal raises the following substantial questions of law. (i) Whether, on the facts and cir....

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....ties when there is no market depreciation and it cannot be considered as revenue loss?" 3. At the outset, Smt. Tanmayee Rajkumar, learned counsel appearing for the respondent-assessee, submits that the Income Tax Appellate Tribunal (for short, "the Tribunal") has answered the aforesaid questions by following the judgment of this Court in ING Vysya Bank Ltd v. CIT (2012) 208 Taxmann 511. It is f....