https://www.taxtmi.com/caselaws?id=19909 The court held that government grants should not be included in computing capital employed under section 80J of the Income-tax Act. However, the loan amount should be considered in calculating the capital employed. The court directed the Tribunal to decide on whether 50% of the profits earned by the assessee should be included in computing capital employed in accordance with the amended provisions of section 80J. The judgment partially favored the assessee on the loan amount issue, with no definitive ruling on the second issue. en-us Mon, 27 Sep 1993 00:00:00 +0530 Tue, 10 Nov 2009 15:39:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19909 The court held that government grants should not be included in computing capital employed under section 80J of the Income-tax Act. However, the loan amount should be considered in calculating the capital employed. The court directed the Tribunal to decide on whether 50% of the profits earned by the assessee should be included in computing capital employed in accordance with the amended provisions of section 80J. The judgment partially favored the assessee on the loan amount issue, with no definitive ruling on the second issue. Case-Laws Income Tax Mon, 27 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19909