Revenue vs. capital expenses

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Preety Chawda (Querist)
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30 January 2013 XYZ company has purchased bonds 9.25% bonds costing Rs. 5000000 at Rs. 6000000 at premium in FY 2010-11, and claimed the amortised bond premium over 5 years Rs 200000 p.a. under allowable exp. Now IT department wants to disallow the amortisation of bond premium.

CAn someone give me a case law supporting allowability of the premium claim or it is to be disallowed?

Preety Chawda

Preety Chawda (Querist)
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09 April 2013 if anyone knows the solution. Kindly reply

Aashok Kumar Sharma online

Aashok Kumar Sharma online

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22 July 2025 https://docs.google.com/document/d/1BkDREPbULMrewLO-T9TlmG6YxdBe6in9PrtRRsqCvDg/edit?usp=sharing

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