https://www.taxtmi.com/caselaws?id=18772 The Appellate Tribunal ruled in favor of the assessee, holding that the fixed deposit receipts (F.D.R.) amounting to Rs. 4,01,500 should be included in the computation of capital for the purpose of relief under section 80J of the Income-tax Act, 1961. The Tribunal upheld the Appellate Assistant Commissioner's interpretation that the F.D.R. could be considered in capital computation, emphasizing that the money invested in F.D.R. need not be utilized for business purposes to be included. The judgment rejected the Income-tax Officer's reasoning and supported the inclusion of the F.D.R. based on the applicable rules and previous tribunal orders. en-us Fri, 23 Oct 1992 00:00:00 +0530 Mon, 02 Nov 2009 10:08:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18772 The Appellate Tribunal ruled in favor of the assessee, holding that the fixed deposit receipts (F.D.R.) amounting to Rs. 4,01,500 should be included in the computation of capital for the purpose of relief under section 80J of the Income-tax Act, 1961. The Tribunal upheld the Appellate Assistant Commissioner's interpretation that the F.D.R. could be considered in capital computation, emphasizing that the money invested in F.D.R. need not be utilized for business purposes to be included. The judgment rejected the Income-tax Officer's reasoning and supported the inclusion of the F.D.R. based on the applicable rules and previous tribunal orders. Case-Laws Income Tax Fri, 23 Oct 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18772