https://www.taxtmi.com/caselaws?id=277489 The appeal was allowed, and the decision was pronounced on November 27, 2013. The disallowance of Rs. 13,50,000 on account of amortization of premium paid on Government Securities held under HTM Category as capital expenditure was overturned. The Tribunal considered RBI guidelines, CBDT instructions, and past ITAT decisions supporting the allowance of premium amortization as revenue expenditure for banks. The Assessing Officer was directed to allow the claimed amount based on similar reasoning. en-us Wed, 27 Nov 2013 00:00:00 +0530 Wed, 05 Dec 2018 14:35:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277489 The appeal was allowed, and the decision was pronounced on November 27, 2013. The disallowance of Rs. 13,50,000 on account of amortization of premium paid on Government Securities held under HTM Category as capital expenditure was overturned. The Tribunal considered RBI guidelines, CBDT instructions, and past ITAT decisions supporting the allowance of premium amortization as revenue expenditure for banks. The Assessing Officer was directed to allow the claimed amount based on similar reasoning. Case-Laws Income Tax Wed, 27 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277489