https://www.taxtmi.com/caselaws?id=282515 Amortisation of premium on Government securities held in the HTM category was treated as deductible because the premium was amortised in line with RBI guidelines and CBDT Instruction No. 17 of 26.11.2008. Deduction for transfer to special reserve was also accepted, as the reserve represented 20% of eligible profits from housing loans and SSI term loans and satisfied the statutory computation requirement. Gains on sale of non-SLR securities were not finally characterised, because the matter required fresh adjudication on whether the receipts were capital gains or business income; no conclusive finding was recorded on that point. en-us Fri, 23 Aug 2013 00:00:00 +0530 Sat, 10 Aug 2019 13:32:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282515 Amortisation of premium on Government securities held in the HTM category was treated as deductible because the premium was amortised in line with RBI guidelines and CBDT Instruction No. 17 of 26.11.2008. Deduction for transfer to special reserve was also accepted, as the reserve represented 20% of eligible profits from housing loans and SSI term loans and satisfied the statutory computation requirement. Gains on sale of non-SLR securities were not finally characterised, because the matter required fresh adjudication on whether the receipts were capital gains or business income; no conclusive finding was recorded on that point. Case-Laws Income Tax Fri, 23 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282515