In case of banks, the premium paid in excess of face value of ...
Banks Can Amortize Premiums on Held to Maturity Investments as Revenue Expenditure Over Maturity Period.
February 24, 2014
Case Laws Income Tax AT
In case of banks, the premium paid in excess of face value of investments classified under HTM category which has been amortised over the period till maturity is allowable as revenue expenditure - AT
View Source