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2023 (10) TMI 783 - HC - Income TaxDepreciation of securities - contribution to Punjab & Sind Bank Employee’s Pension Fund Trust - ITAT and CIT(A) deleted addition - HELD THAT:- As insofar as proposed questions A&B are concerned, they are covered by the decision of the coordinate bench of this court in Punjab & Sind Bank [2019 (11) TMI 342 - DELHI HIGH COURT] Disallowance u/s 14A r.w.r. 8D(2)(ii) and 8D(2)(iii) - ITAT and CIT(A) deleted addition - HELD THAT:- This issue is covered by the decision dated 09.09.2021, rendered in case South Indian Bank [2021 (9) TMI 566 - SUPREME COURT] We may note that there appears to be no dispute that subject shares were held as stock in trade by the respondent/assessee. Therefore, in any event, recourse to Section 14A could not have been taken which is concerned with investments. No substantial question of law arises for our consideration.
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