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TMI Blog2018 (3) TMI 1527X X X X Extracts X X X X X X X X Extracts X X X X ..... shok A Kulkarni, Neiloo Prasad, Siddareddy K.G. & SMT.Preeti s.Patil, Advocates) JUDGMENT These appeals are filed by the Revenue under Section 260A of the Income Tax Act, 1961 ('the Act' for short), challenging the order of the Income Tax Appellate Tribunal, 'A' Bench, Bengaluru (for short, 'the Tribunal') in ITA No.515/PNJ/2014 and ITA No.800/BANG/2013, dated 23.01.2015 relating to the as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssee on investments in government securities 'held to maturity' treating the same as "held for trading"? 3. Heard learned counsel appearing for the parties and perused the material on record. 4. Learned counsel Sri Y.V.Raviraj appearing for the appellants fairly submits that the substantial questions of law involved in these appeals are no more res integra in view of the judgment of the Co-ordi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 12) 347 ITR 382 (Karn), has held that mere nomenclature adopted with reference to the bad loans and advances receivable, would refer to all non-performing assets of any nature, of whatever category placed as a non-performing asset and therefore, the contention of the Revenue that in respect of non-performing assets even though it does not yield any income as the assessee has adopted a mercantile s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Co-operative Bank is not required to deduct tax while paying interest under Section 194A of the Act. Accordingly, appeal filed by the Revenue has been dismissed. Hence, we answer this second question against the Revenue. 7. As regards the 3rd question, the said issue is covered by the Co-ordinate Bench judgment of this Court in Karnataka Vikas Grameen Bank (supra). The Co-ordinate Bench of this ..... X X X X Extracts X X X X X X X X Extracts X X X X
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