Bombay HC Quashes Reassessment as Broken Period Interest Deduction Issue Already Settled

Bank of India Vs ACIT (Bombay High Court) Reopening Invalid as Deduction of Broken Period Interest on HTM Securities Was Already Allowed by Courts; Bombay HC Says Pending SLP Cannot Override Binding High Court Judgments in Reassessment Proceedings; High Court Criticizes Revenue for Ignoring Binding Precedents While Issuing Section 148 Notices; Broken Period Interest on HTM Securities Held Allowable as Revenue Expenditure; Bombay HC Sets Aside Section 148 Proceedings Due to Settled Law on Broken Period Interest; Revenue Cannot Reopen Assessment Contrary to Jurisdictional High Court Rulings; Hig...