https://www.taxtmi.com/caselaws?id=242537 Banking investments governed by RBI prudential norms and CBDT instructions permitted shifting securities from AFS/HFT to HTM and amortisation of premium on HTM securities. Because HTM securities are carried at acquisition cost and premium over face value is amortised to maturity under the prevailing regulatory framework, the bank's claim for depreciation on the shifted securities and deduction of amortised premium was allowable in computing taxable income. The Revenue's challenge therefore failed. en-us Mon, 05 Aug 2013 00:00:00 +0530 Fri, 17 Jan 2014 11:14:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242537 Banking investments governed by RBI prudential norms and CBDT instructions permitted shifting securities from AFS/HFT to HTM and amortisation of premium on HTM securities. Because HTM securities are carried at acquisition cost and premium over face value is amortised to maturity under the prevailing regulatory framework, the bank's claim for depreciation on the shifted securities and deduction of amortised premium was allowable in computing taxable income. The Revenue's challenge therefore failed. Case-Laws Income Tax Mon, 05 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242537