{"id":8829,"date":"2019-12-27T05:57:52","date_gmt":"2019-12-27T05:57:52","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-karnataka-bank-ltd-2019-110-taxmann-com-128-266-taxman-464-karn-hc-editorial-slp-of-revenue-is-allowed-cit-v-karnataka-bank-ltd-2019-266-taxman-463-sc\/"},"modified":"2019-12-27T05:57:52","modified_gmt":"2019-12-27T05:57:52","slug":"cit-v-karnataka-bank-ltd-2019-110-taxmann-com-128-266-taxman-464-karn-hc-editorial-slp-of-revenue-is-allowed-cit-v-karnataka-bank-ltd-2019-266-taxman-463-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-karnataka-bank-ltd-2019-110-taxmann-com-128-266-taxman-464-karn-hc-editorial-slp-of-revenue-is-allowed-cit-v-karnataka-bank-ltd-2019-266-taxman-463-sc\/","title":{"rendered":"CIT v. Karnataka Bank Ltd. (2019) 110 taxmann.com 128 \/ 266 Taxman 464 (Karn.)(HC)   Editorial: SLP of revenue is allowed; CIT v. Karnataka Bank Ltd. (2019) 266 Taxman 463 (SC)"},"content":{"rendered":"<p>Tribunal held that depreciation on valuation of investment portfolio was allowable by treating investments held by assessee bank as stock-in-trade. High Court up held the order of Tribunal. (Followed Karnataka Bank Ltd v ACIT (2013) 356 ITR 549 (Karn.) (HC) referred CBDT Circular No 665 dt 5-10-2013 (1993) 204 ITR 39 (St).\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 : Depreciation-Valuation of investment portfolio-Stock-in-trade-Depreciation is held  to be allowable.  [S. 145]<\/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":[1],"tags":[],"class_list":["post-8829","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2ip","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8829","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=8829"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8829\/revisions"}],"predecessor-version":[{"id":8830,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8829\/revisions\/8830"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=8829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=8829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=8829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}