https://www.taxtmi.com/caselaws?id=5554 The Supreme Court affirmed that the cost of plant and machinery not installed and workshops under construction can be included in the capital employed for tax relief purposes under sections 84(1) and 80J of the Income-tax Act, 1961. The court held that the capital is considered employed upon acquisition of assets for the business, regardless of their actual use during the relevant year. The decision aligned with previous rulings emphasizing that once capital is utilized for acquiring assets, it is deemed employed in the business. en-us Wed, 05 Feb 1997 00:00:00 +0530 Wed, 26 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5554 The Supreme Court affirmed that the cost of plant and machinery not installed and workshops under construction can be included in the capital employed for tax relief purposes under sections 84(1) and 80J of the Income-tax Act, 1961. The court held that the capital is considered employed upon acquisition of assets for the business, regardless of their actual use during the relevant year. The decision aligned with previous rulings emphasizing that once capital is utilized for acquiring assets, it is deemed employed in the business. Case-Laws Income Tax Wed, 05 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5554