https://www.taxtmi.com/caselaws?id=20782 The Tribunal affirmed the deduction of liabilities amounting to Rs. 13,93,61,581 for calculating capital under section 80J, in line with established precedent. Additionally, the expenditure of Rs. 6,41,193 on constructing a jetty was considered revenue expenditure, following a Supreme Court ruling, and allowed as a deduction in determining business income. The judgment did not address the claims for one-third of the jetty expenditure as revenue or for depreciation on the jetty. en-us Wed, 10 Feb 1993 00:00:00 +0530 Tue, 17 Nov 2009 11:53:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20782 The Tribunal affirmed the deduction of liabilities amounting to Rs. 13,93,61,581 for calculating capital under section 80J, in line with established precedent. Additionally, the expenditure of Rs. 6,41,193 on constructing a jetty was considered revenue expenditure, following a Supreme Court ruling, and allowed as a deduction in determining business income. The judgment did not address the claims for one-third of the jetty expenditure as revenue or for depreciation on the jetty. Case-Laws Income Tax Wed, 10 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20782