https://www.taxtmi.com/caselaws?id=20497 The High Court ruled in favor of the assessee regarding the deduction of six percent of capital employed for a partial accounting year, allowing for a full deduction at the rate of six percent. However, the court sided with the Revenue in the computation of capital employed for section 80J deduction, stating that liabilities and debts must be deducted in the calculation. The judgment was based on legal precedents and interpretations of relevant provisions, resulting in a split decision on the two issues presented before the court. en-us Tue, 15 Jun 1993 00:00:00 +0530 Sat, 14 Nov 2009 12:49:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20497 The High Court ruled in favor of the assessee regarding the deduction of six percent of capital employed for a partial accounting year, allowing for a full deduction at the rate of six percent. However, the court sided with the Revenue in the computation of capital employed for section 80J deduction, stating that liabilities and debts must be deducted in the calculation. The judgment was based on legal precedents and interpretations of relevant provisions, resulting in a split decision on the two issues presented before the court. Case-Laws Income Tax Tue, 15 Jun 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20497