2018 (12) TMI 996 - SCH - Income Tax

Investments made by the bank in security as stock in trade - whether Tribunal is right in law in confirming the order of CIT (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? - Held that - No reason to entertain this petition. Accordingly, the special leave petition is dismissed.

Summary

The Supreme Court dismissed the special leave petition, stating that there was no reason to entertain it. Delay was condoned. (2018 (12) TMI 996 - SC Order)