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          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

          Provisions expressly mentioned in the judgment/order text.

          <h1>Pro rata discount computation on zero coupon bonds converts life into months and apportions discount to prior years.</h1> Computation of the pro rata amount of discount on a zero coupon bond requires converting the bond's life into calendar months-treating parts of a month of fifteen days or more as a full month and ignoring shorter parts-then dividing the total discount by that number of months to get a monthly amount, and multiplying that monthly amount by the number of months falling in a previous year to determine the pro rata discount for that previous year.

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