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2016 (10) TMI 101 - AT - Income TaxDisallowance on depreciation claimed on valuation of Government Securities “Held to Maturity” (HTM) category - Held that:- The issue raised by the Department in the appeals is no more res integra. The Tribunal has been consistently holding that Government Securities held under HTM category are part of stock-int-rade and allowed the amortization of premium on such Securities held under HTM category. The Hon'ble Jurisdictional High Court has upheld the findings of Tribunal in the case of Commissioner of Income Tax Vs. HDFC Bank Ltd. [2014 (8) TMI 119 - BOMBAY HIGH COURT ] - Decided in favour of assessee
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