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1965 (2) TMI 109 - HC - Income TaxExtract: .......l of such amounts from the partners' drawing accounts can be regarded as capital borrowed for the purpose of the business. Neither in fact nor in law can the claim in this regard be at all justified. This question is also answered in favour of the department. The department will be entitled to its costs. Counsel's fee ₹ 250 (one set).
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