AI Drafter - (New and Powerful) 
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter. 
TaxTMI 
TaxTMI 
2015 (6) TMI 973
X X X X Extracts X X X X
X X X X Extracts X X X X
....t: ShriMukesh M. Patel, A.R. ORDER PER SHAILENDRA KUMAR YADAV, J.M: This appeal has been filed by Revenueagainst the order ofCIT(A), Gandhinagar, dated 27.05.2011 for the assessment year 2008-09 on following ground: "1. The learned CIT(Appeals) has erred in law and on facts in deleting the disallowance of Rs. 1,30,19,855/- made on account of expenses being premium paid on SLR (Statutory L....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ion of premium in case of assets treated as HTM (Held to Maturity) (Investments) is to be amortized divided equally over the period which is remaining for their maturity. Same has been done by assesse. Amortization of expenses has been recognized in similar circumstances in case of premium of debentures, which was also held as investments in different judgments including that of Hon'ble Supreme Co....