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Informative

Relief for Punjab and Sind Bank: Delhi HC Rules Income from Bank-Held Securities as Business Profits, Not Investment Returns

Update / Judgement Date

04 May 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

BankingIncome Tax

Delhi HC ruled Punjab & Sind Bank's income from securities constitutes business profits, not investment returns. This classification allows deductions for related expenses and provides significant tax relief. The judgment clarifies the treatment of banks' treasury operations for tax purposes.