https://www.taxtmi.com/caselaws?id=67763 The Tribunal allowed the appeals of the assessees regarding relief under Section 80J of the IT Act and dismissed the appeals by the Department. It held that there is a conflict between Section 80J and Rule 19A(3) of the IT Rules, 1962, and that borrowed capital should be included in the computation of capital employed. Additionally, the Tribunal concluded that the relief under Section 80J should be computed based on the capital employed during the entirety of the previous year. en-us Mon, 31 Dec 1979 00:00:00 +0530 Mon, 14 Mar 2011 14:55:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67763 The Tribunal allowed the appeals of the assessees regarding relief under Section 80J of the IT Act and dismissed the appeals by the Department. It held that there is a conflict between Section 80J and Rule 19A(3) of the IT Rules, 1962, and that borrowed capital should be included in the computation of capital employed. Additionally, the Tribunal concluded that the relief under Section 80J should be computed based on the capital employed during the entirety of the previous year. Case-Laws Income Tax Mon, 31 Dec 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67763