https://www.taxtmi.com/caselaws?id=26417 The court ruled in favor of the Revenue on most issues, denying deductions for wrongly capitalized items under section 32(1)(iii) and excluding grant-in-aid from capital computation for deduction purposes under section 84 (now section 80J). The court upheld the deduction of debts and liabilities for capital computation under section 84, denied depreciation and development rebate on approach roads, and allowed inclusion of profits from specific units in the capital computation for relief under section 84. The decisions were based on statutory provisions and precedents, with outcomes mostly favoring the Revenue. en-us Fri, 18 Oct 1985 00:00:00 +0530 Thu, 04 Feb 2010 18:21:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26417 The court ruled in favor of the Revenue on most issues, denying deductions for wrongly capitalized items under section 32(1)(iii) and excluding grant-in-aid from capital computation for deduction purposes under section 84 (now section 80J). The court upheld the deduction of debts and liabilities for capital computation under section 84, denied depreciation and development rebate on approach roads, and allowed inclusion of profits from specific units in the capital computation for relief under section 84. The decisions were based on statutory provisions and precedents, with outcomes mostly favoring the Revenue. Case-Laws Income Tax Fri, 18 Oct 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26417