course of his business. The assessing officer Civil Appeal No.3291­3294 of 2009, etc. Page 41 of 45observed that the appellant­Bank, in its books of accounts and annual report, offered taxation on the basis of actual interest received and not on a due basis. 24. Therefore, in the facts of the case, as the securities were treated as stock­in­trade, the interest on the broken period cannot be considered as capital expenditure and will have to be treated as revenue expenditure, which can be allowed as a deduction. The impugned judgment is based on the decision in the case of Vijaya Bank Ltd.1 It also refers to the decision of the Bombay High Court in the case of American Express International Banking Corporation2 and holds that the same was not correct. As noted earlier, the view taken in the American Express International Banking Corporation2 case has been expressly upheld by this Court in the case of Citi Bank NA3. Therefore, the impugned judgment cannot be sustained, and the view