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2015 (6) TMI 552 - ITAT PUNEAmortization of premium paid on Govt. Securities disallowed - Held that:- Amortization premium paid on Govt. Securities of ₹ 23,13,525/- debited to Profit and Loss Account, as per RBI guidelines has to be allowed being expenses incurred during the course of business of banking. See case of Nagar Urban Co-operative Bank Ltd [2015 (6) TMI 553 - ITAT PUNE] and Latur Urban Coop. Bank Ltd.[2015 (3) TMI 920 - ITAT PUNE] - Decided in favour of assessee
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