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TMI Blog2023 (1) TMI 291X X X X Extracts X X X X X X X X Extracts X X X X ..... ittedly prepared on accrual basis and revenue was recognized following mercantile method except for certain items which were accounted on cash basis? - depreciation in value of investment in HTM Securities - disallowances made u/s 36(1) (viia) - disallowance made u/s 14A - disallowances on account of AFS and HFT category of investments by relying upon the decisions which has not reached finality a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 12-2022 - THE HON'BLE MR. JUSTICE P.S.DINESH KUMAR AND THE HON'BLE MR. JUSTICE T.G.SHIVASHANKARE GOWDA APPELLANTS: SHRI. K.V.ARAVIND, SENIOR STANDING COUNSEL RESPONDENT: SHRI. T.SURYANARAYANA, SENIOR ADVOCATE AND SMT. TANMAYEE RAJKUMAR, ADVOCATE JUDGMENT ITA No.205/2019 by the Revenue challenging the order dated September 28, 2018 in ITA No.1881/Bang/2017 for the A.Ys. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... htly denied the same by holding that as the bank accounts were admittedly prepared on accrual basis and revenue was recognized by following mercantile method except for certain items which were accounted on cash basis? 3. Whether on the facts and in the circumstances of the case, the Tribunal is right in law in allowing depreciation in value of investment in HTM Securities ignoring the fact t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... even when the conditions for invoking said provisions as fully satisfied in the case of the assessee? 6. Whether on the facts and in the circumstances of the case, the Tribunal is right in law in setting aside disallowances on account of AFS and HFT category of investments by relying upon the decisions which has not reached finality and even when the assessing authority rightly disallowed th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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