https://www.taxtmi.com/caselaws?id=180875 The Tribunal ruled in favor of the assessee, a cooperative bank, in a case involving the addition of unclaimed liability, disallowance of deduction for premium paid on Government securities, and disallowance of deduction for broken period interest on Government securities. The Tribunal held that the unclaimed liability should not be treated as income, citing relevant case laws. It also allowed the deductions for premium paid on Government securities and broken period interest, emphasizing compliance with RBI guidelines. As a result, the Revenue's appeal was dismissed. en-us Wed, 29 Apr 2015 00:00:00 +0530 Mon, 04 Apr 2016 09:13:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180875 The Tribunal ruled in favor of the assessee, a cooperative bank, in a case involving the addition of unclaimed liability, disallowance of deduction for premium paid on Government securities, and disallowance of deduction for broken period interest on Government securities. The Tribunal held that the unclaimed liability should not be treated as income, citing relevant case laws. It also allowed the deductions for premium paid on Government securities and broken period interest, emphasizing compliance with RBI guidelines. As a result, the Revenue's appeal was dismissed. Case-Laws Income Tax Wed, 29 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180875