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TMI Blog2016 (12) TMI 121X X X X Extracts X X X X X X X X Extracts X X X X ..... PUNE ]allowing depreciation on investment in Government Securities when the securities held as stockintrade - Income Tax Appeal No. 871 of 2014 - - - Dated:- 22-11-2016 - M. S. Sanklecha And A. K. Menon, JJ. Mr. N. N. Singh, for the Appellant ORDER P. C. This Appeal under Section 260A of the Income Tax Act, 1961 (the Act), challenges the order dated 5th August, 2013 passed by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t of amortization of premium on Government Securities held in HTM (Held to Maturity) category? 3 We find that the impugned order of the Tribunal dismissed the Revenue's Appeal before it by following a decision of the Coordinate Bench of the Tribunal in DCIT v/s. Nashik Merchant Cooperative Bank Ltd., (ITA 1254/PN/2011 dated 29th April, 2013). Mr. N. M. Singh, learned Counsel appearing fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rom the Officer of the Revenue. Further, it is noteworthy that this appeal had first appeared on board on 18th October, 2016 and adjourned at the request of Mr. Singh. This time could have been utilized by him to obtain written instruction and file affidavit, explaining the above facts. In fact, in Director of Income Tax (International Taxation) v/s. Credit Agricole Indosuez 2015 (377) ITR 102, we ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... erits of the issue need be examined of purposes for admission (please see I.T.A. No.37 of 2013 CIT v. Proctor and Gamble Home Products Ltd. Dated January 19, 2005 [2015] 377 ITR 66 (Bom); ITA No.269 of 2013 CIT v. SBI dated February 4, 2015 [2015] 375 ITR 20(Bom); ITA No.330 of 2013 DIT v. Citibank N. A. dated March 11, 2015 [2015] 377 ITR 69 (Bom). 7 In spite of the above observations, th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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