https://www.taxtmi.com/caselaws?id=259993 Amortization of premium paid on investments classified as held to maturity is allowable as revenue expenditure where the claim is covered by an earlier Division Bench ruling of the same High Court and supported by paragraph (vii) of CBDT Circular No. 17 of 2008. In the absence of any contrary authority, that binding view was applied, and the amortization of security premium was held allowable in favour of the assessee. en-us Tue, 05 May 2015 00:00:00 +0530 Thu, 28 May 2015 08:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259993 Amortization of premium paid on investments classified as held to maturity is allowable as revenue expenditure where the claim is covered by an earlier Division Bench ruling of the same High Court and supported by paragraph (vii) of CBDT Circular No. 17 of 2008. In the absence of any contrary authority, that binding view was applied, and the amortization of security premium was held allowable in favour of the assessee. Case-Laws Income Tax Tue, 05 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259993