https://www.taxtmi.com/caselaws?id=22427 For section 80J relief, capital employed had to be computed under rule 19A(3) by deducting borrowed monies, loans and relatable current liabilities, and the Jaipur undertaking was treated consistently with binding precedent on whether it was a separate and independent unit not hit by section 80J(4); these questions were answered in favour of the Revenue. The receipt from transfer of import entitlements under the export promotion scheme was also treated as taxable income, following the controlling view in the assessee's own case, and that issue too was decided in favour of the Revenue. The reference thus resulted in a mixed outcome on the cross-references. en-us Wed, 22 Aug 1990 00:00:00 +0530 Thu, 10 Dec 2009 10:48:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22427 For section 80J relief, capital employed had to be computed under rule 19A(3) by deducting borrowed monies, loans and relatable current liabilities, and the Jaipur undertaking was treated consistently with binding precedent on whether it was a separate and independent unit not hit by section 80J(4); these questions were answered in favour of the Revenue. The receipt from transfer of import entitlements under the export promotion scheme was also treated as taxable income, following the controlling view in the assessee's own case, and that issue too was decided in favour of the Revenue. The reference thus resulted in a mixed outcome on the cross-references. Case-Laws Income Tax Wed, 22 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22427