https://www.taxtmi.com/caselaws?id=180533 The ITAT Pune allowed the appeal, directing the AO to delete the disallowance of the deduction claimed by the assessee for amortization of premium on Government Securities, contrary to the decisions of the CIT(A) and the AO. The ITAT Pune relied on a Bombay High Court decision and a previous Tribunal ruling in favor of the assessee's position, emphasizing the adherence to prudential norms prescribed by the RBI and legal entitlement to the deduction. en-us Mon, 12 Jan 2015 00:00:00 +0530 Tue, 29 Mar 2016 10:48:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180533 The ITAT Pune allowed the appeal, directing the AO to delete the disallowance of the deduction claimed by the assessee for amortization of premium on Government Securities, contrary to the decisions of the CIT(A) and the AO. The ITAT Pune relied on a Bombay High Court decision and a previous Tribunal ruling in favor of the assessee's position, emphasizing the adherence to prudential norms prescribed by the RBI and legal entitlement to the deduction. Case-Laws Income Tax Mon, 12 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180533