https://www.taxtmi.com/caselaws?id=25262 The High Court held that the Tribunal erred in allowing the deduction under section 80J on the entire amount claimed by the assessee, including borrowed capital, without considering the provisions of rule 19A of the Income-tax Rules, 1962. The Court ruled in favor of the Revenue, denying relief to the assessee on borrowed capital under section 80J of the Income-tax Act, 1961. Each party was instructed to bear their own court costs. en-us Tue, 07 Jul 1987 00:00:00 +0530 Wed, 27 Jan 2010 15:43:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25262 The High Court held that the Tribunal erred in allowing the deduction under section 80J on the entire amount claimed by the assessee, including borrowed capital, without considering the provisions of rule 19A of the Income-tax Rules, 1962. The Court ruled in favor of the Revenue, denying relief to the assessee on borrowed capital under section 80J of the Income-tax Act, 1961. Each party was instructed to bear their own court costs. Case-Laws Income Tax Tue, 07 Jul 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25262