1985 (3) TMI 5

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....idated reference under section 256(1) of the Income-tax Act, 1961, made by the Income-tax Appellate Tribunal, Indore Bench, Indore, at the instance of the Department, whereby it has referred the following two questions of law for our decision: " 1. Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in holding that borrowed capital should also be taken into....