2015 (5) TMI 867

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 1.00. Feeling aggrieved and dissatisfied with the impugned judgment and order passed by the learned Income Tax Appellate Tribunal, Rajkot in ITA No.914/RJT/2010 (for A.Y. 2007-2008) as well as in ITA No.349/RJT/2011 (for A.Y. 2007- 2008), the appellant - revenue has preferred both these Tax Appeals with the following proposed substantial questions of law :- TAX APPEAL No.321 of 2015 Proposed su....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....esent tax appeal is concluded against the revenue and in favour of the assessee. The identical question came to be considered by the Division Bench of this Court in the case of Rajkot Dist.Co-op. Bank Ltd. and considering the paragraph (vii) of the CBDT Circular No.17 of 2008, it is held that the assessee is entitled to the amortization of security premium, as claimed. Mr.Desai, learned counsel ap....