The High Court, following its earlier order in the case of the same assessee, which in turn followed in the case of British Bank of the Middle East v. CIT (1998) 233 ITR 251 (Bom)(HC)  held that the interest received by the assessee on the sale of securities held by it, was assessable to tax under the head Interest on securities and not under the head Income from business on appeal, Court held that  since admittedly the Department had neither filed any appeal against those judgments, nor raised or pleaded any of the reasons spelt out by the court in C. K. Gangadharan v. CIT (2008) 304 ITR 61 (SC)  nor made out just cause  the appeals  are dismissed.(AY.1981-82)