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1983 (8) TMI 26 - HC - Income TaxExtract: .......is immaterial whether the user of capital actually yields profit or not. What sub-clause (iii) emphasises is the user of the capital and not the user of the asset which comes into existence as result of the borrowed capital. . In the result we answer the question in the affirmative and against the Revenue. Parties will pay and bear their own costs.
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