2023 (1) TMI 291

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....TICE T.G.SHIVASHANKARE GOWDA APPELLANTS: SHRI. K.V.ARAVIND, SENIOR STANDING COUNSEL RESPONDENT: SHRI. T.SURYANARAYANA, SENIOR ADVOCATE AND SMT. TANMAYEE RAJKUMAR, ADVOCATE JUDGMENT ITA No.205/2019 by the Revenue challenging the order dated September 28, 2018 in ITA No.1881/Bang/2017 for the A.Ys. 2014-15 and ITA No.206/2019 by the Revenue challenging the order dated September 28, 2018 ....

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.... on accrual basis and revenue was recognized by following mercantile method except for certain items which were accounted on cash basis? 3. Whether on the facts and in the circumstances of the case, the Tribunal is right in law in allowing depreciation in value of investment in HTM Securities ignoring the fact that HTM Securities are treated as stock-in-trade by the assessee-bank and depr....

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....ied in the case of the assessee? 6. Whether on the facts and in the circumstances of the case, the Tribunal is right in law in setting aside disallowances on account of AFS and HFT category of investments by relying upon the decisions which has not reached finality and even when the assessing authority rightly disallowed the depreciation on investment of Available for Sale (AFS) and held ....