https://www.taxtmi.com/caselaws?id=69306 The Tribunal partially allowed the assessee's appeal by granting relief under Section 80J for the profit on the sale of import licenses and confirming the computation of capital employed without deducting liabilities. However, the claims for extra shift allowance, weighted deduction under Section 35B, and the use of the last day's balance sheet for capital computation were rejected. The Tribunal also upheld the AAC's partial disallowance of hotel bill expenses, dismissing the Revenue's appeal on this ground. en-us Fri, 31 Aug 1979 00:00:00 +0530 Wed, 06 Apr 2011 11:37:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69306 The Tribunal partially allowed the assessee's appeal by granting relief under Section 80J for the profit on the sale of import licenses and confirming the computation of capital employed without deducting liabilities. However, the claims for extra shift allowance, weighted deduction under Section 35B, and the use of the last day's balance sheet for capital computation were rejected. The Tribunal also upheld the AAC's partial disallowance of hotel bill expenses, dismissing the Revenue's appeal on this ground. Case-Laws Income Tax Fri, 31 Aug 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69306