https://www.taxtmi.com/caselaws?id=16040 The High Court ruled in favor of the assessee in a case involving deductions for expenditure on incomplete capital jobs and fixed deposits under section 80J of the Income-tax Act, 1961. The court allowed the inclusion of expenditure on incomplete plant and machinery in computing the capital employed for section 80J relief. Additionally, fixed deposits were deemed eligible to be considered in the calculation of capital employed for section 80J benefits, aligning with past judgments and established legal principles. The High Court emphasized the importance of following appellate directions and adhering to established interpretations in determining capital employed under the Income-tax Act. en-us Thu, 22 Jul 1999 00:00:00 +0530 Mon, 31 Aug 2009 16:08:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16040 The High Court ruled in favor of the assessee in a case involving deductions for expenditure on incomplete capital jobs and fixed deposits under section 80J of the Income-tax Act, 1961. The court allowed the inclusion of expenditure on incomplete plant and machinery in computing the capital employed for section 80J relief. Additionally, fixed deposits were deemed eligible to be considered in the calculation of capital employed for section 80J benefits, aligning with past judgments and established legal principles. The High Court emphasized the importance of following appellate directions and adhering to established interpretations in determining capital employed under the Income-tax Act. Case-Laws Income Tax Thu, 22 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16040