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1949 (3) TMI 22 - HC - Income TaxExtract: .......on borrowings, for the purpose of Section 8, Income-tax Act, should be computed on the basis that investments were made proportionately out of capital and deposits?" 6. We, will, therefore, answer question 1 in the affirmatives. 7. The answer to question 2 will also be in the affirmative. 8. Assessee to pay the costs. Tendolkar, J. 9. I agree.
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