‘Capital’ includes borrowed capital to compute limit on investment by trust in institute where trust

IT: Word 'capital' as appearing in section 13(4) includes not only share capital but even borrowed capital and, therefore, where investment made by assessee-trust in another institute in which trustees were directors, did not exceed 5 per cent of total capital of said Institute, assessee's claim for exemption of income could not be denied on account of violation of provisions of section 13(4)