https://www.taxtmi.com/caselaws?id=18419 Borrowed funds found by the Tribunal to have been used for creation of capital assets were properly included in the surtax computation under the Second Schedule of the Companies (Profits) Surtax Act, 1964. That factual finding governed the reference and supported the assessee's position, so the appellate allowance of the claim was confirmed. Both referred questions were answered in favour of the assessee and against the Revenue. en-us Wed, 03 Apr 1996 00:00:00 +0530 Wed, 30 Sep 2009 17:28:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18419 Borrowed funds found by the Tribunal to have been used for creation of capital assets were properly included in the surtax computation under the Second Schedule of the Companies (Profits) Surtax Act, 1964. That factual finding governed the reference and supported the assessee's position, so the appellate allowance of the claim was confirmed. Both referred questions were answered in favour of the assessee and against the Revenue. Case-Laws Income Tax Wed, 03 Apr 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18419