approved by the order dated 12th August 2008 of this Court in the case of Commissioner of Income Tax, Bombay v. Citi Bank NA3. The learned counsel pointed out that this Court affirmed the decision of the Bombay High Court in the case of Citi Bank NA3, which in turn relied upon its earlier decision in the case of American Express International Banking Corporation2. c. Our attention was also invited to a decision by this Court in the case of Commissioner of Income Tax, Andhra Pradesh, Hyderabad v. The Cocanada Radhaswami Bank Ltd., Kakinada4. Inviting our attention to the said decision, it is pointed out that this Court accepted that the securities held by Banking companies are held as stock­in­trade. He pointed out that this Court, in the case of United Commercial Bank Ltd.; Calcutta v. Commissioner of Income Tax, West Bengal5, held that government securities are held as stock­in­trade by Banking companies. He submitted that the assessee pays interest for the broken period to which he