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1997 (12) TMI 14 - SC - Income TaxCollaboration Agreement - Computation Of Capital - Whether the Tribunal erred in holding that the amount of tax recoverable as on the first day of the computation period was not to be included in the capital employed in the assessee's industrial undertaking as till the assessment was completed, the said amount did not constitute a debt due to the assessee -held, yes - High Court was in error in holding that refund became due to the assessee only after the assessment was made and not before that
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