https://www.taxtmi.com/caselaws?id=343100 Banks may treat depreciation on government securities held in the investment portfolio as a deductible business loss or expenditure where the securities form part of banking stock-in-trade and the claim is consistent with prior accepted treatment. Premium amortisation on government securities is also deductible when covered by binding precedent for banks. A provision on standard assets made in line with RBI requirements may qualify for deduction under the bank bad-debt regime, but only after verification of the prescribed limits and relevant factual conditions, including the rural advances component. The first two claims were allowed, while the third was remitted for fresh examination. en-us Tue, 16 May 2017 00:00:00 +0530 Wed, 17 May 2017 17:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343100 Banks may treat depreciation on government securities held in the investment portfolio as a deductible business loss or expenditure where the securities form part of banking stock-in-trade and the claim is consistent with prior accepted treatment. Premium amortisation on government securities is also deductible when covered by binding precedent for banks. A provision on standard assets made in line with RBI requirements may qualify for deduction under the bank bad-debt regime, but only after verification of the prescribed limits and relevant factual conditions, including the rural advances component. The first two claims were allowed, while the third was remitted for fresh examination. Case-Laws Income Tax Tue, 16 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343100