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1989 (5) TMI 2 - SC - Income TaxCo-operative Society - Interest on Borrowed Capital - Whether the credit balances in the Loss Equalisation and Capital Redemption Reserve Fund which were actually used by the assessee for the purposes of its business represented capital borrowed by the assessee for the purpose of its business within the meaning of section 36(1)(iii) - Whether the Tribunal was right in law in allowing interest on such balances as a deduction in computing the total income of the assessee
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