TMI Blog2014 (4) TMI 1253X X X X Extracts X X X X X X X X Extracts X X X X ..... USLAND BANK LTD. [ 2013 (2) TMI 893 - BOMBAY HIGH COURT] . The Division Bench followed a judgment and order of this Court in BANK OF BAHRAIN KUWAIT BSC [ 2013 (2) TMI 725 - BOMBAY HIGH COURT]. Change in Accounting pattern - HELD THAT:- Matter stands concluded by the Hon'ble Supreme Court in the UNITED COMMERCIAL BANK VERSUS COMMISSIONER OF INCOME-TAX [ 1999 (9) TMI 4 - SUPREME COURT] ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the assessee's Appeal whereas dismissing completely that of the Revenue. 2 Mr.Pinto appearing on behalf of the appellant Revenue submits that the two questions as framed in this memo of appeal are the substantial questions of law arising for consideration in this Appeal. 3 With regard to the first question namely, the approach of the Tribunal in excluding f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bstantial question of law. 5 As far as this question no. 4(B) formulated at page 4 is concerned, the matter stands concluded by the Hon'ble Supreme Court in the case of United Commercial Bank Vs. Commissioner of Income, Tax in which the Hon'ble Supreme Court has held that banks are following a mercantile system of accounting both for book keeping as well as t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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