https://www.taxtmi.com/caselaws?id=19238 Generators fitted with an electric motor were treated as electrical machinery for extra-shift allowance purposes, and the Tribunal's view on that classification was upheld against the assessee. For relief under section 80J, liabilities were to be excluded in computing capital employed, but the Tribunal had relied on an earlier view later overruled by the Supreme Court. As rule 19A(2) and rule 19A(3) of the Income-tax Rules, 1962 were valid and could govern computation of capital employed from the first day of the computation period, the matter required reconsideration on the correct legal basis and was remitted for fresh decision. en-us Tue, 24 Jan 1995 00:00:00 +0530 Wed, 04 Nov 2009 18:05:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19238 Generators fitted with an electric motor were treated as electrical machinery for extra-shift allowance purposes, and the Tribunal's view on that classification was upheld against the assessee. For relief under section 80J, liabilities were to be excluded in computing capital employed, but the Tribunal had relied on an earlier view later overruled by the Supreme Court. As rule 19A(2) and rule 19A(3) of the Income-tax Rules, 1962 were valid and could govern computation of capital employed from the first day of the computation period, the matter required reconsideration on the correct legal basis and was remitted for fresh decision. Case-Laws Income Tax Tue, 24 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19238