https://www.taxtmi.com/caselaws?id=64549 The appeals were partly allowed in the case. The department's preliminary objection against the rectified order appeal was found unsustainable. The exclusion of capital borrowed for computing capital employed under Section 80J was rejected. Taxation of interest on fixed deposits outside the assessment year was not upheld. The liability for unclaimed interest under Section 41(1) could not be taxed in the relevant year. The disallowance under Section 37(3) was not pressed and thus not considered. The liability for gratuity payment was upheld. Amounts received from the National Bank of Pakistan were deemed taxable in the year accrued, not the assessment year. Interest received on delayed payment of costs was not considered. The charge of interest under Section 215 was to be examined further. The claim for sales tax liability was allowed, and the claim for weighted deduction under Section 35B was to be reconsidered. en-us Tue, 14 Jan 1986 00:00:00 +0530 Tue, 08 Feb 2011 15:14:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64549 The appeals were partly allowed in the case. The department's preliminary objection against the rectified order appeal was found unsustainable. The exclusion of capital borrowed for computing capital employed under Section 80J was rejected. Taxation of interest on fixed deposits outside the assessment year was not upheld. The liability for unclaimed interest under Section 41(1) could not be taxed in the relevant year. The disallowance under Section 37(3) was not pressed and thus not considered. The liability for gratuity payment was upheld. Amounts received from the National Bank of Pakistan were deemed taxable in the year accrued, not the assessment year. Interest received on delayed payment of costs was not considered. The charge of interest under Section 215 was to be examined further. The claim for sales tax liability was allowed, and the claim for weighted deduction under Section 35B was to be reconsidered. Case-Laws Income Tax Tue, 14 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64549