https://www.taxtmi.com/caselaws?id=783200 ITAT Patna held that the assessee, a banking entity governed by the Banking Regulation Act, 1949 and the Regional Rural Banks Act, 1976, was entitled to claim deduction of premium paid on purchase of government securities as revenue expenditure. The securities were acquired to meet statutory liquidity ratio and capital adequacy norms and were classified under the "Held to Maturity" (HTM) category. The Tribunal held that amortization of such premium over the period of maturity is allowable as a revenue deduction, and the assessee's claim was upheld. en-us Tue, 09 Dec 2025 00:00:00 +0530 Thu, 11 Dec 2025 08:55:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783200 ITAT Patna held that the assessee, a banking entity governed by the Banking Regulation Act, 1949 and the Regional Rural Banks Act, 1976, was entitled to claim deduction of premium paid on purchase of government securities as revenue expenditure. The securities were acquired to meet statutory liquidity ratio and capital adequacy norms and were classified under the "Held to Maturity" (HTM) category. The Tribunal held that amortization of such premium over the period of maturity is allowable as a revenue deduction, and the assessee's claim was upheld. Case-Laws Income Tax Tue, 09 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783200