https://www.taxtmi.com/caselaws?id=26534 The court ruled in favor of the Revenue regarding the deduction of loans and current liabilities for determining capital employed under section 80J. The court also found in favor of the Revenue on the taxability of sums received for the sale of import entitlement. However, the court ruled in favor of the assessee on the eligibility for relief under section 80J for a new unit established in Jaipur and the deduction of borrowed moneys and debts due specifically in respect of the unit at Jaipur. The judgments provided detailed analysis and rulings on each issue, resulting in a comprehensive resolution of the disputes. en-us Thu, 12 Sep 1985 00:00:00 +0530 Fri, 05 Feb 2010 16:21:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26534 The court ruled in favor of the Revenue regarding the deduction of loans and current liabilities for determining capital employed under section 80J. The court also found in favor of the Revenue on the taxability of sums received for the sale of import entitlement. However, the court ruled in favor of the assessee on the eligibility for relief under section 80J for a new unit established in Jaipur and the deduction of borrowed moneys and debts due specifically in respect of the unit at Jaipur. The judgments provided detailed analysis and rulings on each issue, resulting in a comprehensive resolution of the disputes. Case-Laws Income Tax Thu, 12 Sep 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26534