the purchase price. Therefore, in these two categories of securities, the benefit of deduction of interest for the broken period will be available to Banks. 20. If deduction on account of broken period interest is not allowed, the broken period interest as capital expense will have to be added to the acquisition cost of the securities, which will then be deducted from the sale proceeds when such securities are sold in the subsequent years. Therefore, Civil Appeal No.3291­3294 of 2009, etc. Page 39 of 45the profit earned from the sale would be reduced by the amount of broken period interest. Therefore, the exercise sought to be done by the Department is academic. 21. The securities of the HTM category are usually held for a long term till their maturity. Therefore, such securities usually are valued at cost price or face value. In many cases, Banks hold the same as investments. Whether the Bank has held HMT security as investment or stock­in­trade will depend on the facts of each case.