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2013 (8) TMI 922 - AT - Income TaxAmortization of premium on investments - Held that:- CBDT Circular No.17 dated 26-11-2008 states that the investments classified under HTM category need not be marked to market and could be carried at acquisition cost unless it was more than the face value, in such case premium should be amortized over the period remaining to the maturity.
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