1988 (12) TMI 44

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....in this reference at the instance of the Revenue. They read thus : "(i) Whether any liabilities should be deducted in the computation of the capital employed in the new industrial undertaking for the purpose of relief under section 84 of the Income-tax Act, 1961 ? (ii) If the answer to question No. (i) above is in the affirmative, whether only those liabilities which are due and payable on t....