Revenue vs. capital expenses
This query is : Resolved
Preety Chawda
(Querist)
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?
CAn someone give me a case law supporting allowability of the premium claim or it is to be disallowed?
Preety Chawda
(Querist)
09 April 2013
if anyone knows the solution. Kindly reply
22 July 2025
https://docs.google.com/document/d/1BkDREPbULMrewLO-T9TlmG6YxdBe6in9PrtRRsqCvDg/edit?usp=sharing
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