|
The Tax Publishers2015 TaxPub(DT) 5340 (Pune-Trib)div class=Section1>
Satyavijay Sahakari Bank Ltd. v. ITO
INCOME TAX ACT, 1961 --Business expenditure --Allowability Diminution in value of investments --Held: Following the decision of the Bombay High Court in case of CIT v. HDFC Bank Ltd. (2014) 366 ITR 505 (Bom), assessee was entitled to deduction on account of diminution in value of investments held in the category Available for Sale (AFS).
Income Tax Act, 1961, Section 37(1)
Followed:CIT v. HDFC Bank Ltd. (2014) 366 ITR 505 (Bom)
REFERRED :
FAVOUR : In assessee's favour
A.Y. : 2010-11
IN THE ITAT PUNE A BENCH
SUBSCRIBE FOR FULL CONTENT |