https://www.taxtmi.com/caselaws?id=391522 The Tribunal allowed the assessee's appeal in part, dismissing the revenue's appeal. Disallowance under Section 14A was deleted as the AO lacked objective satisfaction. Loss on securities held as 'stock in trade' in HTM category was allowed. Disallowance on shifting securities from AFS to HTM was upheld but enhancement removed. Penalty proceedings initiation was deemed premature. Disallowance of non-rural bad debts was deleted. Addition for interest accrued but not due was deleted. Deduction of broken period interest was allowed. Section 115JB was held inapplicable to the assessee bank. en-us Wed, 29 Jan 2020 00:00:00 +0530 Fri, 31 Jan 2020 10:37:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391522 The Tribunal allowed the assessee's appeal in part, dismissing the revenue's appeal. Disallowance under Section 14A was deleted as the AO lacked objective satisfaction. Loss on securities held as 'stock in trade' in HTM category was allowed. Disallowance on shifting securities from AFS to HTM was upheld but enhancement removed. Penalty proceedings initiation was deemed premature. Disallowance of non-rural bad debts was deleted. Addition for interest accrued but not due was deleted. Deduction of broken period interest was allowed. Section 115JB was held inapplicable to the assessee bank. Case-Laws Income Tax Wed, 29 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391522