Bank Ltd.6, it was held that investments are a part of the Banking business, particularly when statutorily mandated. It was submitted that Banking companies buy government securities to comply with SLR requirements. d. It is well­settled that in the Banking business, securities purchased by Banks, per se, constitute stock­in­trade of the Bank as normal and ordinary Banking business is to deal in money credit. The money is parked in readily marketable securities so that it is available to meet the demand of depositors. This argument is supported by a decision of this Court in the case of Bihar State Co­ operative Bank Ltd. v. Commissioner of Income Tax7. e. It was contended that when the interest income of securities is uniformly assessed under the head “profits and gains from business or profession”, the decision of this Court in the case of Citi Bank NA3 will squarely 6 (2007) 289 ITR 6 : (2007) 15 SCC 611 7 (1960) 39 ITR 114 : 1960 SCC OnLine SC 193 Civil Appeal No.3291­3294 of