https://www.taxtmi.com/caselaws?id=23869 The court upheld the Tribunal's decision, ruling in favor of the Revenue against the assessee on all three issues: deduction of surtax payable in arriving at taxable income, deduction of liabilities for computing capital employed under section 80J, and computation of capital for relief under section 80J based on average amounts. The court referred to relevant precedents and interpretations of tax laws, maintaining the decisions in favor of the Revenue without costs awarded to either party. en-us Tue, 19 Sep 1989 00:00:00 +0530 Thu, 14 Jan 2010 18:52:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23869 The court upheld the Tribunal's decision, ruling in favor of the Revenue against the assessee on all three issues: deduction of surtax payable in arriving at taxable income, deduction of liabilities for computing capital employed under section 80J, and computation of capital for relief under section 80J based on average amounts. The court referred to relevant precedents and interpretations of tax laws, maintaining the decisions in favor of the Revenue without costs awarded to either party. Case-Laws Income Tax Tue, 19 Sep 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23869