https://www.taxtmi.com/caselaws?id=269879 The High Court upheld the Income Tax Appellate Tribunal's decision regarding the treatment of amortization of premium on HTM securities as revenue expenditure for assessment years 2005-06 and 2006-07. The Court found that the Assessing Officer's view was a possible one, in line with previous decisions, and dismissed the revenue's appeals. The Court emphasized that no substantial question of law arose, affirming the Tribunal's decision and denying the revision under Section 263 of the Income Tax Act, 1961. No costs were awarded in the matter. en-us Mon, 07 Dec 2015 00:00:00 +0530 Wed, 23 Dec 2015 08:47:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269879 The High Court upheld the Income Tax Appellate Tribunal's decision regarding the treatment of amortization of premium on HTM securities as revenue expenditure for assessment years 2005-06 and 2006-07. The Court found that the Assessing Officer's view was a possible one, in line with previous decisions, and dismissed the revenue's appeals. The Court emphasized that no substantial question of law arose, affirming the Tribunal's decision and denying the revision under Section 263 of the Income Tax Act, 1961. No costs were awarded in the matter. Case-Laws Income Tax Mon, 07 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269879