2014 (9) TMI 1057

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin-top:0cm; mso-para-margin-right:0cm; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0cm; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....xpenditure by overlooking the Hon'ble Supreme Court judgment in the case of Vijaya Bank Limited (187 ITR 541)? (b) Whether, on the facts and in the circumstances of the case, the Tribunal is correct in law in holding that the investments 'Held To Maturity' (HTM) be treated as stock in trade and to delete the addition made on account of Amortization of Government Securities? (c) Whether, on t....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....f broken period interest is concerned, the Tribunal followed the judgment of this Court in State Bank of Hyderabad v. Commissioner of Income Tax (151 ITR 703)  and held that it is an allowable deduction. As regards the deduction towards staff fraud, the Tribunal followed the decision of the Amritsar Bench which, in turn, had followed the decision of the Gujarat High Court. It is not stated be....