{"id":8833,"date":"2019-12-27T05:58:40","date_gmt":"2019-12-27T05:58:40","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-corporation-bank-2019-110-taxmann-com-335-267-taxman-113-karn-hc-editorial-slp-of-revenue-is-dismissed-cit-v-corporation-bank-2019-267-taxman-112-sc\/"},"modified":"2019-12-27T05:58:40","modified_gmt":"2019-12-27T05:58:40","slug":"cit-v-corporation-bank-2019-110-taxmann-com-335-267-taxman-113-karn-hc-editorial-slp-of-revenue-is-dismissed-cit-v-corporation-bank-2019-267-taxman-112-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-corporation-bank-2019-110-taxmann-com-335-267-taxman-113-karn-hc-editorial-slp-of-revenue-is-dismissed-cit-v-corporation-bank-2019-267-taxman-112-sc\/","title":{"rendered":"CIT v.  Corporation Bank (2019) 110 taxmann.com 335\/267 Taxman 113  (Karn.)(HC)  Editorial: SLP of revenue is dismissed;  CIT v.  Corporation Bank (2019) 267 taxman 112 (SC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that the Tribunal\u00a0 is justified\u00a0 allowing the\u00a0 depreciation on valuation of investment portfolio was allowable by treating investments held by assessee bank as stock-in-trade. Followed CIT v. Corporation Bank (ITA No. 268 of 2009 dt 2-12-2014 ) (Karn ) (HC) Referred Circular No 665 dt\u00a0 5-10-1993 ( 1993) 204 CTR 39 (St)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 : Depreciation-Stock in trade-Investment-Bank-Valuation of investment portfolio\u2013Depreciation is allowable in respect of investment held as stock in trade. [S. 28(i), 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-8833","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2it","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8833","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=8833"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8833\/revisions"}],"predecessor-version":[{"id":8834,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8833\/revisions\/8834"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=8833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=8833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=8833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}