https://www.taxtmi.com/caselaws?id=18633 Section 80J computation under the then-applicable scheme treated machinery acquired during the previous year as includible in capital employed even if installed later, and the capital base was not confined to the opening figure alone where year-end accretions were relevant. Borrowed capital and liabilities were excluded from capital employed where the governing rule so provided. For development rebate under section 33, roads, culverts and compound walls were treated as part of the factory building and not qualifying plant, while pumps and drainage pipes used for effluent disposal, medical equipment for labour welfare, and training-centre assets used in the workshop were treated as eligible. en-us Sat, 07 Oct 1995 00:00:00 +0530 Sat, 31 Oct 2009 10:28:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18633 Section 80J computation under the then-applicable scheme treated machinery acquired during the previous year as includible in capital employed even if installed later, and the capital base was not confined to the opening figure alone where year-end accretions were relevant. Borrowed capital and liabilities were excluded from capital employed where the governing rule so provided. For development rebate under section 33, roads, culverts and compound walls were treated as part of the factory building and not qualifying plant, while pumps and drainage pipes used for effluent disposal, medical equipment for labour welfare, and training-centre assets used in the workshop were treated as eligible. Case-Laws Income Tax Sat, 07 Oct 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18633