Supreme Court affirms High Court decision on machinery cost inclusion for relief under section 80J.

The Supreme Court upheld the High Court's decision in favor of the assessee, dismissing the appeal concerning the inclusion of the cost of uninstalled machinery in the computation of capital for relief under section 80J of the Act. The Court cited precedent cases and did not award any costs. (1997 (12) TMI 15 - SC)

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The Supreme Court dismissed the appeal regarding the inclusion of the cost of uninstalled machinery in the computation of capital for relief under section 80J of the Act. The High Court's decision in favor of the assessee was upheld, citing precedent cases. No costs were awarded. (Case Citation: 1997 (12) TMI 15 - SC)

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