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2013 (7) TMI 987 - AT - Income TaxAddition on account of forfeited shares money - Held that:- The decisions relied on by the Ld.CIT(A) are distinguishable and not applicable to the facts of the present case since in all those cases the advances received were during the course of business whereas in the instant case it is a capital receipt. We find various Benches of the Tribunal, after considering the decision of Hon’ble Supreme Court in the case of T.V. Sundaram Iyenger (1996 (9) TMI 1 - SUPREME Court ) have held that such receipt on account of forfeiture of share money is a capital receipt. Addition on account of depreciation on Government Securities held for trading (valued at lower of cost or net realizable value as at year end date as per Accounting Standards & RBI Directives) - Held that:- The above issue stands decided in favour of the assessee by the decision of the Pune Bench of the Tribunal in the case of Latur Urban Cooperative Bank Ltd. [2015 (3) TMI 920 - ITAT PUNE] as held Merely because the Securities are kept under the head till the maturity, the said Security cannot be treated as a purely investment. Law is well settled that the Securities held by the Bank are in the nature of Stock-in- Trade Addition of amortization of premium on Government Securities - Held that:- As in Sree Subramanyeswara Co-operative Bank Ltd [2012 (11) TMI 336 - ITAT, BANGALORE] identical issue in favour of the assessee as held Amortization was made as per the prudential norms of the RBI. Following the Tribunal decision in the assessee's own case and considering that the assessee bank is following consistent and regular method of accounting system, there is no justification in interfering with the order of the Commissioner of Income-tax (Appeals) on this issue of amortization of premium on government securities
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