Home › Income-Tax Act › CIT v. Karnataka Bank Ltd.(2022) 142 taxmann.com 64 (Karn.)(HC) Editorial : SLP granted to Revenue, CIT v. Karnataka Bank Ltd.(2022) 288 Taxman 725 (SC)

CIT v. Karnataka Bank Ltd.(2022) 142 taxmann.com 64 (Karn.)(HC) Editorial : SLP granted to Revenue, CIT v. Karnataka Bank Ltd.(2022) 288 Taxman 725 (SC)

S. 32 : Depreciation-Securities-Stock in trade-Depreciation on account of fall in value of securities allowable.

Dismissing the appeal of the Revenue, the Court held that depreciation on account of fall in value of  securities  allowable. (AY. 2008-09)