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2009 (2) TMI 37 - BOMBAY HIGH COURTAssessee borrowed money through redeemable debentures – redemption of redeemable debentures, issued in 1988 was due in 1995 - certain repayments were not claimed by the public by way of redemption and an amount of Rs.49.06 lakhs remained unpaid without being claimed by the Debenture holders till the AY 1999-2000 – assessee transferred amount of unclaimed debentures to the General Reserve Account and utilized in its business - sum of Rs.49.06 lakhs was taxable as income of the Appellant
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