https://www.taxtmi.com/caselaws?id=25930 The court ruled against the assessee regarding borrowed moneys as capital for section 80J deduction but favored the assessee on the eligibility of plant and machinery for development rebate. It also ruled in favor of the Revenue on the issue of claiming section 80HH deduction without setting off losses and the interpretation of entry 31 of the Vth Schedule for development rebate, emphasizing a restrictive reading aligned with legislative intent. en-us Tue, 03 Dec 1985 00:00:00 +0530 Mon, 01 Feb 2010 17:19:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25930 The court ruled against the assessee regarding borrowed moneys as capital for section 80J deduction but favored the assessee on the eligibility of plant and machinery for development rebate. It also ruled in favor of the Revenue on the issue of claiming section 80HH deduction without setting off losses and the interpretation of entry 31 of the Vth Schedule for development rebate, emphasizing a restrictive reading aligned with legislative intent. Case-Laws Income Tax Tue, 03 Dec 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25930