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2016 (4) TMI 33 - AT - Income TaxDisallowance in respect of amortization of premium paid on Government Securities - Held that:- Identical issue had come up before the Tribunal in assessee’s own case in an appeal filed by the Revenue wherein the order of the CIT(A) upheld in allowing the deduction on account of amortization of premium paid on HTM securities and hold that amortization premium paid on Govt. Securities debited to Profit and Loss Account, as per RBI guidelines has to be allowed being expenses incurred during the course of business of banking - Decided in favour of assessee Addition on account of unclaimed liabilities - CIT(A) allowed part relief - Held that:- We find that the issue raised in the present appeal is identical to the issue raised by assessee in aforesaid appeal for A.Y. 2010-11 wherein held the assessee continues to recognize the liability and once the liability has been so recognized by the assessee, there is no merit in treating the same as income of the assessee though some of the amounts may not be recoverable by application of provisions of Limitation Act. - Decided in favour of assessee
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