https://www.taxtmi.com/caselaws?id=20410 The High Court of Karnataka ruled in favor of the assessee, affirming that the value of capital work-in-progress and plant and machinery in transit should be included in the computation of capital for the assessment year 1981-82. This decision was based on precedent from a previous case, Ravi Machine Tools (P.) Ltd. v. CIT [1978] 114 ITR 459. en-us Thu, 19 Mar 1992 00:00:00 +0530 Fri, 13 Nov 2009 17:18:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20410 The High Court of Karnataka ruled in favor of the assessee, affirming that the value of capital work-in-progress and plant and machinery in transit should be included in the computation of capital for the assessment year 1981-82. This decision was based on precedent from a previous case, Ravi Machine Tools (P.) Ltd. v. CIT [1978] 114 ITR 459. Case-Laws Income Tax Thu, 19 Mar 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20410