1996 (4) TMI 89

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....me-tax Act, 1961, in which the following three questions have been referred for our opinion : " 1. Whether the credit balances in the Loss Equalisation and Capital Redemption Reserve Fund which were actually used by the assessee for the purpose of its business represented capital borrowed by the assessee for the purpose of its business within the meaning of section 36(1)(iii) of the Act ? 2.....