{"id":51654,"date":"2025-03-04T10:56:03","date_gmt":"2025-03-04T05:26:03","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-citi-bank-n-a-no-7-2024469-itr-417-sc-editorial-cit-v-citi-bank-n-a-itr-no-265-of-1997-dt-10-4-2003\/"},"modified":"2025-03-04T10:56:03","modified_gmt":"2025-03-04T05:26:03","slug":"cit-v-citi-bank-n-a-no-7-2024469-itr-417-sc-editorial-cit-v-citi-bank-n-a-itr-no-265-of-1997-dt-10-4-2003","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-citi-bank-n-a-no-7-2024469-itr-417-sc-editorial-cit-v-citi-bank-n-a-itr-no-265-of-1997-dt-10-4-2003\/","title":{"rendered":"CIT v. Citi Bank N. A. (No. 7) (2024)469 ITR 417 (SC) Editorial: CIT v. Citi Bank N. A (ITR.No. 265 of 1997 dt. 10-4-2003)"},"content":{"rendered":"<p>Held that\u00a0 interest received at time of\u00a0 sale of securities is\u00a0 assessable as interest on\u00a0 securities and not as income from business. \u00a0<em>(<\/em>AY.1983-84, 1984-85, 1987-88)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 18 : Interest on securities-Banks-Interest received at time of  sale of securities-Assessable as interest on  securities and not as income from business. [S. 28(i), 136]  <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-51654","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dr8","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=51654"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51654\/revisions"}],"predecessor-version":[{"id":51655,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51654\/revisions\/51655"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=51654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=51654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=51654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}