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1983 (11) TMI 12 - HC - Income TaxExtract: .......owers M/s. Bookers Brothers McConnell and Co. The Tribunal was, therefore, justified in coming to the conclusion that it was borrowed capital. We answer the question posed for the opinion at the instance of the Department, against the Department and in favour of the assessee. On the facts and circumstances of the case, we make no order as to costs.
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