https://www.taxtmi.com/caselaws?id=268891 The Tribunal upheld the decisions in favor of the assessee, dismissing the Revenue's appeal for AY 2009-10 and allowing the assessee's appeals for AYs 2010-11 and 2011-12. The disallowance of expenses amounting to Rs. 1,47,87,955 by the Assessing Officer was deleted based on judicial precedents and RBI guidelines on amortization of premium. The disallowance of premium expenditure claimed on statutory liquidity of SLR investments was also overturned in favor of the assessee for AYs 2010-11 and 2011-12. en-us Mon, 23 Nov 2015 00:00:00 +0530 Fri, 04 Dec 2015 15:18:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268891 The Tribunal upheld the decisions in favor of the assessee, dismissing the Revenue's appeal for AY 2009-10 and allowing the assessee's appeals for AYs 2010-11 and 2011-12. The disallowance of expenses amounting to Rs. 1,47,87,955 by the Assessing Officer was deleted based on judicial precedents and RBI guidelines on amortization of premium. The disallowance of premium expenditure claimed on statutory liquidity of SLR investments was also overturned in favor of the assessee for AYs 2010-11 and 2011-12. Case-Laws Income Tax Mon, 23 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268891