Relief to Bank of Baroda, Deduction allowed in the form of Amortization of Premium after due verification: ITAT sets aside Revisional Order [Read Order]

By Taxscan Team - On October 27, 2022 11:43 am - 2 mins read

Bank - of - Barod - Deduction - premium - verification - ITAT - revisional - order - TAXSCAN

A.O allowed the deduction in the form of amortization of premium with due verification, and the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT)has set aside the revisional order on Bank of Baroda. The assessee Dena Bank merged with Bank of Baroda filed its return of income for the assessment year 2017-18 on 28.10.2017…

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