{"id":55311,"date":"2025-07-15T10:43:02","date_gmt":"2025-07-15T05:13:02","guid":{"rendered":"https:\/\/itatonline.org\/digest\/acit-v-karad-urban-co-op-bank-ltd-2025-211-itd-717-pune-trib\/"},"modified":"2025-07-15T10:43:02","modified_gmt":"2025-07-15T05:13:02","slug":"acit-v-karad-urban-co-op-bank-ltd-2025-211-itd-717-pune-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-karad-urban-co-op-bank-ltd-2025-211-itd-717-pune-trib\/","title":{"rendered":"ACIT v. Karad Urban Co. Op. Bank Ltd. (2025) 211 ITD 717 (Pune) (Trib.)"},"content":{"rendered":"<p>Assessee bank made investments in AFS securities and made provision for depreciation on AFS securities.\u00a0 held that\u00a0 Assessing\u00a0 held that the said amount was charged to profit and loss account, however same was disallowed while computing income. Assessing Officer held that provision made for depreciation in value of investment was notional loss and disallowed assessee\u2019s claim.\u00a0 Commissioner (Appeals) allowed the claim. Tribunal following the order of earlier years up held the order of the CIT(A). (AY. 2018-19)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Provision for depreciation on AFS securities-Debited to profit and loss account-Allowable as deduction.  <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-55311","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-eo7","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/55311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=55311"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/55311\/revisions"}],"predecessor-version":[{"id":55312,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/55311\/revisions\/55312"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=55311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=55311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=55311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}