The Commissioner of Income-tax-2 v. HDFC Bank Ltd
[Citation -2014-LL-0808-190]

Citation 2014-LL-0808-190
Appellant Name The Commissioner of Income-tax-2
Respondent Name HDFC Bank Ltd.
Court HIGH COURT OF BOMBAY
Relevant Act Income-tax
Date of Order 08/08/2014
Judgment View Judgment
Keyword Tags held to maturity • diminution in value of investments • amortisation of premium • benefit of deduction • substantial question of law
Bot Summary: A.K. Jasani for the Respondents. CORAM: S.C. DHARMADHIKARI AND B.P. COLABAWALLA, JJ. DATE : 8th August, 2014 P.C.: 1 We have heard Mr. Suresh Kumar, learned counsel, appearing on behalf of the revenue and Mr. Mistry, learned Senior Counsel, appearing for the assessee. Our attention has been invited by Mr. Mistry to the orders that we have delivered one on 4th July, 2014 in Income Tax Appeal No.1079 of 2012 and another on 23rd July, 2014 in Income Tax Appeal No.330 of 2012. 2 The only question and in relation to the deduction with respect to diminution in the value of investment and amortization of premium on investment held to maturity has been decided in the two appeals by us. 12 That is the only question raised in the present appeal as well. For all these reasons and the point being covered by our orders, the appeal of the revenue does not raise any substantial question of law.


1 17.itxa668.12 sbw IN HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.668 OF 2012 Commissioner of Income Tax 2 Appellant Versus M/s. HDFC Bank Ltd. Respondent Mr. Suresh Kumar for Appellant. Mr. J. D. Mistry, Senior Counsel, with Mr. P. C. Tripathi i/b. A.K. Jasani for Respondents. CORAM: S.C. DHARMADHIKARI AND B.P. COLABAWALLA, JJ. DATE : 8th August, 2014 P.C.: 1] We have heard Mr. Suresh Kumar, learned counsel, appearing on behalf of revenue and Mr. Mistry, learned Senior Counsel, appearing for assessee. Our attention has been invited by Mr. Mistry to orders that we have delivered one on 4th July, 2014 in Income Tax Appeal No.1079 of 2012 and another on 23rd July, 2014 in Income Tax Appeal No.330 of 2012. 2] only question and in relation to deduction with respect to diminution in value of investment and amortization of premium on investment held to maturity has been decided in two appeals by us. 1/2 Uploaded on - 12/08/2014 Downloaded on - 13/04/2020 16:43:20 2 17.itxa668.12 That is only question raised in present appeal as well. For all these reasons and point being covered by our orders, appeal of revenue does not raise any substantial question of law. It is accordingly dismissed. No costs. (B.P.COLABAWALLA, J.) (S.C. DHARMADHIKARI, J.) wadhwa 2/2 Uploaded on - 12/08/2014 Downloaded on - 13/04/2020 16:43:20 Commissioner of Income-tax-2 v. HDFC Bank Ltd
Report Error