THE PR. COMMISSIONER OF INCOME TAX vs. M/S KARNATAKA BANK LTD.,

The appeal is dismissed

Bench: S.G.PANDIT,K. V. ARAVIND

depreciation against the appreciation in other investments? 3. Whether the ITAT is justified in not considering that in order to arrive at the real income for the income tax purpose, the assessee should follow suitable adjustments with suitable accounting practices as per section 145 of the IT Act as per Apex Court decision in the case of UCO Bank