https://www.taxtmi.com/caselaws?id=23600 Section 80J deduction on capital employed in a branch industrial undertaking had to be computed in line with Lohia Machines Ltd. v. Union of India, which governed the method for determining the capital base. On that authority, the capital figure accepted by the appellate authorities could not be sustained, and the claimed computation of deduction under section 80J was rejected. The reference was answered against the assessee and in favour of the Revenue. en-us Mon, 13 Mar 1989 00:00:00 +0530 Tue, 22 Dec 2009 15:43:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23600 Section 80J deduction on capital employed in a branch industrial undertaking had to be computed in line with Lohia Machines Ltd. v. Union of India, which governed the method for determining the capital base. On that authority, the capital figure accepted by the appellate authorities could not be sustained, and the claimed computation of deduction under section 80J was rejected. The reference was answered against the assessee and in favour of the Revenue. Case-Laws Income Tax Mon, 13 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23600