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| The Tax Publishers2021 TaxPub(DT) 0325 (Sur-Trib) INCOME TAX ACT, 1961
Section 37(1)
In view of CBDT Instructions, dated 26-11-2008, deduction of amortized expenditure on premium on investment was allowable as expenditure.
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Business expenditure - Allowability - Premium paid on investment amortized -
Assessee, a Co-operative Bank, claimed deduction of premium paid on investment amortized. Held: In view of CBDT Instructions, dated 26-11-2008, deduction of amortized expenditure on premium on investment was allowable as expenditure.
REFERRED :
FAVOUR : In assessee's favour.
A.Y. : 2009-10
INCOME TAX ACT, 1961
Section 40(a)(ia)
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