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1989 (9) TMI 63 - HC - Income TaxExtract: ....... business. Whether the asset itself is actually used in the business or not, so far as the capital is concerned, it continues to be employed in the business . Following the decision of Alcock Ashdown and Co. Ltd. s case 1979 119 ITR 164 (Bom), we answer the question posed to us in the affirmative and in favour of the assessee. No order as to costs.
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