TaxTMI 
TaxTMI 
2019 (4) TMI 1229
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....MS.JUSTICE HARSHA DEVANI) 1. By this appeal under section 260A of the Incometax Act, 1961 (hereinafter referred to as the "Act"), the appellantrevenue has challenged the order dated 21.05.2018 passed by the Income Tax Appellate Tribunal, Ahmedabad Bench 'A'(hereinafter referred to as the"Tribunal") in ITA No.2124/Ahd/2016 by proposing the following question, stated to be a substantial question o....
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....he Commissioner (Appeals), the assessee had relied upon the decision of the Tribunal in case of DCIT v. Surat National Cooperative Bank Ltd. in ITA No.2793/Ahd/2012 for assessment year 2009-10 wherein, it was held that as per CBDT, New Delhi Instruction No.17 of 2008 dated 26.11.2008, investments of banks classified under HTM (Held to Maturity) category need not be marked to market and are carried....
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....n, this court has held thus: "7. The instructions clearly provide for amortisation of premium paid on acquisition of securities when the same are acquired at the rate higher than the face value. Such amortisation would have to be for the remaining period of maturity. This precisely the Tribunal had directed in the impugned order. Though contended, no contrary instructions of CBDT are brought to....