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2018 (12) TMI 1715 - HC - Income TaxDepreciation on valuation of investment portfolio - Tribunal allowable it by treating the investments held by the assessee bank as stock-in-trade once the RBI Master Circular read with CBDT Circular No.665 came into force - whether Tribunal's order can be said as perverse in nature since the Tribunal has followed the decisions which have not reached finality?” - HELD THAT:- The aforesaid substantial questions of law are covered by the judgment of this Court in the case of CIT v. Corporation Bank [2014 (12) TMI 1351 - KARNATAKA HIGH COURT ] wherein the very same questions of law were answered in favour of the assessee and against the revenue. Hence, following the aforesaid judgment, the substantial questions of law are answered accordingly.
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