https://www.taxtmi.com/caselaws?id=471603 Banking concerns consistently valuing Government securities as stock-in-trade may claim deduction for diminution in value and amortisation of premium on securities held to maturity, where the recognised accounting method and applicable banking norms support that treatment. Premium amortisation on held-to-maturity Government securities remains deductible. Provision for depreciation in the value of Government securities is likewise allowable when it accords with the bank's consistently followed valuation practice. The admissibility of both deductions depends on the recognised method of accounting for banking investments. en-us Fri, 27 Mar 2015 00:00:00 +0530 Thu, 10 Sep 2026 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471603 Banking concerns consistently valuing Government securities as stock-in-trade may claim deduction for diminution in value and amortisation of premium on securities held to maturity, where the recognised accounting method and applicable banking norms support that treatment. Premium amortisation on held-to-maturity Government securities remains deductible. Provision for depreciation in the value of Government securities is likewise allowable when it accords with the bank's consistently followed valuation practice. The admissibility of both deductions depends on the recognised method of accounting for banking investments. Case-Laws Income Tax Fri, 27 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471603