https://www.taxtmi.com/caselaws?id=25961 For relief under section 80J, capital employed must be computed undertaking-wise, with only liabilities attributable to the relevant industrial undertaking deducted; liabilities of another unit cannot reduce its capital base. The relief is available for the full year and is not proportionately restricted to the period during which the undertaking operated. Depreciation is available where the purchaser has possession, has paid consideration and has effective dominion over land and buildings, despite an unregistered sale deed. Borrowed capital, however, is excluded from capital employed for section 80J purposes. en-us Thu, 23 Aug 1984 00:00:00 +0530 Tue, 02 Feb 2010 10:13:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25961 For relief under section 80J, capital employed must be computed undertaking-wise, with only liabilities attributable to the relevant industrial undertaking deducted; liabilities of another unit cannot reduce its capital base. The relief is available for the full year and is not proportionately restricted to the period during which the undertaking operated. Depreciation is available where the purchaser has possession, has paid consideration and has effective dominion over land and buildings, despite an unregistered sale deed. Borrowed capital, however, is excluded from capital employed for section 80J purposes. Case-Laws Income Tax Thu, 23 Aug 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25961