https://www.taxtmi.com/highlights?id=16824 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 since the claim is as per RBI Guidelines and CBDT also has directed to allow such premium - AT en-us Fri, 17 Jan 2014 12:17:14 +0530 Fri, 17 Jan 2014 12:17:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=16824 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 since the claim is as per RBI Guidelines and CBDT also has directed to allow such premium - AT Highlights Income Tax Fri, 17 Jan 2014 12:17:14 +0530 https://www.taxtmi.com/highlights?id=16824