https://www.taxtmi.com/caselaws?id=66430 The Tribunal allowed the company's appeal, permitting the investment allowance on crafts acquired from the Government of India. It held that the Government of India does not qualify as a 'person resident in India' for tax purposes. The Tribunal remitted the issues regarding relief computation under section 80J, inclusion of borrowed capital, and higher depreciation claims back to the assessing officer for fresh determination in line with pending Supreme Court decisions. en-us Mon, 31 Oct 1983 00:00:00 +0530 Thu, 24 Feb 2011 16:22:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66430 The Tribunal allowed the company's appeal, permitting the investment allowance on crafts acquired from the Government of India. It held that the Government of India does not qualify as a 'person resident in India' for tax purposes. The Tribunal remitted the issues regarding relief computation under section 80J, inclusion of borrowed capital, and higher depreciation claims back to the assessing officer for fresh determination in line with pending Supreme Court decisions. Case-Laws Income Tax Mon, 31 Oct 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66430