https://www.taxtmi.com/caselaws?id=27216 The High Court ruled in favor of the assessee, allowing the claimed expenses for the distillery plant and affirming the method of calculating relief under section 80J as per established legal precedents. The court held that the full amount claimed by the assessee should be allowed for development rebate and depreciation, citing the necessity of including all expenses to bring assets into existence. Additionally, the court determined that relief under section 80J should be calculated by aggregating all asset values as of the first day of the computation period, in line with previous legal decisions. en-us Tue, 18 Sep 1984 00:00:00 +0530 Thu, 11 Feb 2010 15:40:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27216 The High Court ruled in favor of the assessee, allowing the claimed expenses for the distillery plant and affirming the method of calculating relief under section 80J as per established legal precedents. The court held that the full amount claimed by the assessee should be allowed for development rebate and depreciation, citing the necessity of including all expenses to bring assets into existence. Additionally, the court determined that relief under section 80J should be calculated by aggregating all asset values as of the first day of the computation period, in line with previous legal decisions. Case-Laws Income Tax Tue, 18 Sep 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27216