https://www.taxtmi.com/caselaws?id=176934 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of expenses amounting to Rs. 1,30,19,855 related to premium paid on SLR investments for the assessment year 2008-09. The Tribunal recognized the practice of amortization of premium in accounting, referring to RBI guidelines and previous court judgments. Consequently, the Revenue's appeal was dismissed, affirming the decision in favor of the assessee. en-us Fri, 05 Jun 2015 00:00:00 +0530 Thu, 31 Dec 2015 12:36:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176934 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of expenses amounting to Rs. 1,30,19,855 related to premium paid on SLR investments for the assessment year 2008-09. The Tribunal recognized the practice of amortization of premium in accounting, referring to RBI guidelines and previous court judgments. Consequently, the Revenue's appeal was dismissed, affirming the decision in favor of the assessee. Case-Laws Income Tax Fri, 05 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176934