2001 (7) TMI 37

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....ard. At the instance of the Revenue, the following questions have been referred for the opinion of this court by the Income-tax Appellate Tribunal, Delhi Bench "E" (in short "the Tribunal"), under section 256(1) of the Income-tax Act, 1961 (in short "the Act"): "1. Whether, the Tribunal is correct in ignoring rule 19A(3) of the Income-tax Rules, 1962, and holding that borrowed money should b....