https://www.taxtmi.com/caselaws?id=70244 For section 80JJ, uninstalled machinery shown in the balance sheet as existing on the first day of the relevant previous year was to be included in capital employed, because it was not a later purchase and the factual basis for exclusion was incorrect. For section 80J, borrowed capital and the deduction computation were left open to adjustment where a retrospective amendment was under challenge, so the relief could be modified in line with the Supreme Court's ruling on the amended provision. The note states that the assessee obtained relief on the first issue and that the second issue remained subject to future revision depending on the final judicial outcome. en-us Tue, 31 Jul 1984 00:00:00 +0530 Fri, 15 Apr 2011 10:30:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70244 For section 80JJ, uninstalled machinery shown in the balance sheet as existing on the first day of the relevant previous year was to be included in capital employed, because it was not a later purchase and the factual basis for exclusion was incorrect. For section 80J, borrowed capital and the deduction computation were left open to adjustment where a retrospective amendment was under challenge, so the relief could be modified in line with the Supreme Court's ruling on the amended provision. The note states that the assessee obtained relief on the first issue and that the second issue remained subject to future revision depending on the final judicial outcome. Case-Laws Income Tax Tue, 31 Jul 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70244