https://www.taxtmi.com/caselaws?id=218321 Premium on Government of India bonds and government securities classified as held to maturity was treated as deductible when amortised in line with banking prudential norms. The Tribunal noted that the claim was supported by RBI directions and CBDT Instruction No. 17/2008, and that earlier coordinate Bench decisions had already allowed the same treatment for such securities. Following that settled view, the disallowance was deleted and the assessee-bank's amortisation claim was allowed. en-us Wed, 06 Jun 2012 00:00:00 +0530 Sat, 10 Nov 2012 08:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218321 Premium on Government of India bonds and government securities classified as held to maturity was treated as deductible when amortised in line with banking prudential norms. The Tribunal noted that the claim was supported by RBI directions and CBDT Instruction No. 17/2008, and that earlier coordinate Bench decisions had already allowed the same treatment for such securities. Following that settled view, the disallowance was deleted and the assessee-bank's amortisation claim was allowed. Case-Laws Income Tax Wed, 06 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218321