Foreign portfolio investment liberalisation extends listed equity access to all individual persons resident outside India, subject to limit monitoring...
AO disallowed expenses u/s 14A r.w.r. 8D for shares held as stock-in-trade, but HC held section 14A inapplicable to assessee bank following Maxopp and South Indian Bank. HC upheld amortization of premium on HTM securities and loss from shifting securities from AFS/HFT to HTM portfolio relying on Oriental Bank of Commerce. HC allowed section 43B deduction for contributions to employees' pension fund based on actuarial valuation. HC rejected Revenue's appeal on goodwill from amalgamation following earlier dismissals. No substantial question of law arose.
AO disallowed expenses u/s 14A r.w.r. 8D for shares held as stock-in-trade, but HC held section 14A inapplicable to assessee bank following Maxopp and South Indian Bank. HC upheld amortization of premium on HTM securities and loss from shifting securities from AFS/HFT to HTM portfolio relying on Oriental Bank of Commerce. HC allowed section 43B deduction for contributions to employees' pension fund based on actuarial valuation. HC rejected Revenue's appeal on goodwill from amalgamation following earlier dismissals. No substantial question of law arose.
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