Allowing the appeal of the assessee , the Tribunal held that , Amortisation of premium paid for purchase of securities was to be allowed as deduction.( AY. 2009-10)
Allahabad Bank v. DCIT ( 2018) 169 ITD 189 ( Kol) ( Trib)
S. 37(1): Business expenditure – Bank-Amortisation of premium paid for purchase of securities was to be allowed as deduction .