https://www.taxtmi.com/caselaws?id=216966 The ITAT, Bangalore allowed the assessee's claim for amortization of premium on investments, overturning the disallowance by the AO and CIT(A). The ITAT held that the assessee was entitled to the deduction despite contrary decisions, citing Board's Instructions No.17 of 2008(vii). However, the claim for bad and doubtful debts was disallowed as the provisions in the books did not match the claimed amount. The ITAT directed the AO to give effect to their order on interest u/s.234B and 234C of the Act, partially allowing the assessee's appeal. en-us Fri, 11 May 2012 00:00:00 +0530 Sat, 09 Apr 2016 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216966 The ITAT, Bangalore allowed the assessee's claim for amortization of premium on investments, overturning the disallowance by the AO and CIT(A). The ITAT held that the assessee was entitled to the deduction despite contrary decisions, citing Board's Instructions No.17 of 2008(vii). However, the claim for bad and doubtful debts was disallowed as the provisions in the books did not match the claimed amount. The ITAT directed the AO to give effect to their order on interest u/s.234B and 234C of the Act, partially allowing the assessee's appeal. Case-Laws Income Tax Fri, 11 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216966