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2015 (3) TMI 1324 - AT - Income TaxNature of expenditure - capital expenditure or revenue expenditure - amortization of premium paid for acquisition of securities categorized as Held to Maturity (HTM) - Held that:- The issue arising in the present appeal is identical to the issue decided in the case of Pune District Central Cooperative Bank Ltd. (2015 (4) TMI 662 - ITAT PUNE) and in the case of HDFC Bank Ltd. (2014 (8) TMI 119 - BOMBAY HIGH COURT), and following the same parity of reasoning, we hold that the assessee is entitled to the deduction being the premium on Amortization of Securities. We hereby affirm the action of CIT(A) in deleting the disallowance representing amortization of premium paid on Government Securities under the HTM category. - decided against revenue
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