https://www.taxtmi.com/caselaws?id=65107 The appeal before ITAT DELHI-E centered on the computation of capital employed under rule 19A of the IT Rules, 1962, for restricting relief under section 80J of the IT Act, 1961. The Tribunal held that section 80J should prevail over rule 19A, directing the Income Tax Officer to recalculate the relief based on the capital employed throughout the relevant previous year. The appeal was partially allowed, emphasizing a liberal interpretation of section 80J and resolving the inconsistency with rule 19A. en-us Mon, 06 Jun 1977 00:00:00 +0530 Sat, 12 Feb 2011 14:02:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65107 The appeal before ITAT DELHI-E centered on the computation of capital employed under rule 19A of the IT Rules, 1962, for restricting relief under section 80J of the IT Act, 1961. The Tribunal held that section 80J should prevail over rule 19A, directing the Income Tax Officer to recalculate the relief based on the capital employed throughout the relevant previous year. The appeal was partially allowed, emphasizing a liberal interpretation of section 80J and resolving the inconsistency with rule 19A. Case-Laws Income Tax Mon, 06 Jun 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65107