https://www.taxtmi.com/caselaws?id=20351 Work-in-progress was treated as part of capital for computing relief under section 80J, following an earlier Bombay HC decision on the same question. Because that precedent remained binding unless overruled by the Supreme Court, the High Court declined to direct the Tribunal to state a case on the issue. The question was therefore answered in favour of the assessee and against the Department's request for reference. en-us Tue, 30 Jun 1992 00:00:00 +0530 Fri, 13 Nov 2009 13:56:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20351 Work-in-progress was treated as part of capital for computing relief under section 80J, following an earlier Bombay HC decision on the same question. Because that precedent remained binding unless overruled by the Supreme Court, the High Court declined to direct the Tribunal to state a case on the issue. The question was therefore answered in favour of the assessee and against the Department's request for reference. Case-Laws Income Tax Tue, 30 Jun 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20351