https://www.taxtmi.com/caselaws?id=24046 The High Court held that the Tribunal erred in refusing to consider additional grounds related to the computation of deduction under section 80J for both units. Emphasizing the inclusion of borrowed money in capital employed, the Court ruled in favor of the assessee, highlighting the importance of correctly working out deductions as per the law. The Court criticized the Tribunal for not addressing the computation aspect despite allowing the deduction and referred to the changing legislative history on this issue. en-us Thu, 06 Oct 1988 00:00:00 +0530 Sat, 16 Jan 2010 12:27:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24046 The High Court held that the Tribunal erred in refusing to consider additional grounds related to the computation of deduction under section 80J for both units. Emphasizing the inclusion of borrowed money in capital employed, the Court ruled in favor of the assessee, highlighting the importance of correctly working out deductions as per the law. The Court criticized the Tribunal for not addressing the computation aspect despite allowing the deduction and referred to the changing legislative history on this issue. Case-Laws Income Tax Thu, 06 Oct 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24046