https://www.taxtmi.com/caselaws?id=22669 For section 80J relief, assets under erection were treated as covered by an earlier Bombay HC decision, so no reference was called for on that point. Scientific research assets were held to form part of the capital employed in the business for section 80J computation because the section requires inclusion of assets that belong to the business capital base, not only assets used directly in the industrial undertaking. Their value was includible under the computation rules, and the fact that the expenditure had already been allowed under section 35 did not justify exclusion. en-us Thu, 26 Jul 1990 00:00:00 +0530 Sat, 12 Dec 2009 11:54:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22669 For section 80J relief, assets under erection were treated as covered by an earlier Bombay HC decision, so no reference was called for on that point. Scientific research assets were held to form part of the capital employed in the business for section 80J computation because the section requires inclusion of assets that belong to the business capital base, not only assets used directly in the industrial undertaking. Their value was includible under the computation rules, and the fact that the expenditure had already been allowed under section 35 did not justify exclusion. Case-Laws Income Tax Thu, 26 Jul 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22669