https://www.taxtmi.com/caselaws?id=267098 The Tribunal upheld the CIT(A)'s decision on both issues. Regarding the deduction of discount on debentures, it confirmed that the discount should be spread over the debentures' period, aligning with the Supreme Court precedent. Concerning the premium on unsecured loans, it agreed that the premium constituted interest and was subject to tax deduction at source, affirming the disallowance under Section 40(a)(ia). The assessee's appeal was dismissed. en-us Thu, 24 Sep 2015 00:00:00 +0530 Tue, 15 Dec 2015 10:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267098 The Tribunal upheld the CIT(A)'s decision on both issues. Regarding the deduction of discount on debentures, it confirmed that the discount should be spread over the debentures' period, aligning with the Supreme Court precedent. Concerning the premium on unsecured loans, it agreed that the premium constituted interest and was subject to tax deduction at source, affirming the disallowance under Section 40(a)(ia). The assessee's appeal was dismissed. Case-Laws Income Tax Thu, 24 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267098