https://www.taxtmi.com/caselaws?id=25887 The court ruled in favor of the Revenue in the computation of capital for relief under section 80J, holding that loans should be deducted. However, in the case of technical know-how payment, the court ruled in favor of the Department, stating it should be deducted from the capital employed. For the deduction claim of freight and customs duty, the court upheld the Tribunal's decision in favor of the assessee, allowing the expenditure based on commercial expediency. The court emphasized that deductions for specific expenditures should align with principles of commercial expediency and business facilitation, ruling in favor of the assessee. en-us Fri, 27 Feb 1987 00:00:00 +0530 Mon, 01 Feb 2010 14:35:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25887 The court ruled in favor of the Revenue in the computation of capital for relief under section 80J, holding that loans should be deducted. However, in the case of technical know-how payment, the court ruled in favor of the Department, stating it should be deducted from the capital employed. For the deduction claim of freight and customs duty, the court upheld the Tribunal's decision in favor of the assessee, allowing the expenditure based on commercial expediency. The court emphasized that deductions for specific expenditures should align with principles of commercial expediency and business facilitation, ruling in favor of the assessee. Case-Laws Income Tax Fri, 27 Feb 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25887