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1950 (1) TMI 13 - HC - Income TaxExtract: .......rity deposits are not borrowed money within the meaning of Rule 2A of Schedule II of the Excess Profits Tax Act. The question referred to us must, therefore, be answered in the negative and against the assessees and the Commissioner of Income-tax is entitled to his costs of this reference which we fix at ₹ 250. Reference answered accordingly.
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