https://www.taxtmi.com/caselaws?id=14724 The court ruled against including borrowed capital in the capital employed for relief under section 80J, setting aside the Tribunal's decision. It affirmed that relief under section 80J should be allowed for the entire year, even if the factory operated for only part of the year. The judgment clarified the legal interpretation of these issues, favoring the assessee in both aspects. en-us Tue, 12 Oct 1999 00:00:00 +0530 Sat, 18 Jul 2009 12:30:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14724 The court ruled against including borrowed capital in the capital employed for relief under section 80J, setting aside the Tribunal's decision. It affirmed that relief under section 80J should be allowed for the entire year, even if the factory operated for only part of the year. The judgment clarified the legal interpretation of these issues, favoring the assessee in both aspects. Case-Laws Income Tax Tue, 12 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14724