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1998 (11) TMI 115 - HC - Income TaxExtract: .......present case. Otherwise also, we are of the clear opinion that no deduction under this section is available unless money is borrowed specifically for the payment of any tax due under this Act. In view of the above, question No. 1 is answered in the affirmative and in favour of the Revenue. Reference is disposed of accordingly. No order as to costs.
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