2018 (2) TMI 1808

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....USTICE JOHN MICHAEL CUNHA FOR THE PETITIONER : SRI.Y.V.RAVIRAJ, ADV FOR THE RESPONDENT : SRI.S.PARTHSARTHI & SRI.H.R.KAMBIYAVAR, ADVS JUDGMENT This appeal is filed by the assessees challenging the order of the Income Tax Appellate Tribunal, Bengaluru Bench, 'B' in I.T.A. No.1417/Bang/2013 relating to the assessment year 2009-10 raising the following substantial questions of law : ....

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....ome Tax (Appeal) in treating the securities held by the assessee under the category of "held to maturity" as held in the nature of stock in trade without appreciating the fact that these securities shall be held till maturity and are not available for sale readily as in the case of securities held under as "Stock in trade"? 2. Learned counsel appearing for the parties do not dispute that the is....