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1988 (7) TMI 38 - CALCUTTA HIGH COURTExtract: .......v. Indian Oxygen Ltd. 1978 113 ITR 109 (Cal), this court has held that whether an asset is used or not, it will still be included in the capital employed in the business. For the reasons aforesaid, we answer the question in this reference in the affirmative and in favour of the assessee. There will be no order as to costs. K. M. YUSUF J. - I agree.
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