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1989 (3) TMI 162 - ITAT CHANDIGARHExtract: .......ITO (1987) 65 CTR (Trib) (Hyd) 5 (1987) 22 ITD 9 (Hyd) (SB), where the assessee company was a dealer in liquid gases and supplied cylinders to the customers. It was held in that case that the deposits constituted borrowed money which could not be taxed as trading receipts. 9. In the result, the appeal filed by the Department fails and is dismissed.
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