1989 (8) TMI 50

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....of this court: "Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was correct in law in holding that the words 'Capital employed' used in section 80J of the Income-tax Act, 1961, would include borrowed money and that such borrowed money could not be deducted under rule 19A(3) of the Income-tax Rules, 1962, from the value of the assets computed in accord....