https://www.taxtmi.com/caselaws?id=27907 The court ruled in favor of the assessee, holding that the deduction under Section 80J of the Income-tax Act is permissible on the capital employed at 6% per annum for the entire year, not proportionate to the period of operation. The judgment favored granting the full deduction of Rs. 1,47,495 to the assessee-company, directing the Income-tax Appellate Tribunal, Cochin Bench to be informed of the decision. en-us Thu, 16 Jun 1983 00:00:00 +0530 Tue, 16 Feb 2010 17:10:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27907 The court ruled in favor of the assessee, holding that the deduction under Section 80J of the Income-tax Act is permissible on the capital employed at 6% per annum for the entire year, not proportionate to the period of operation. The judgment favored granting the full deduction of Rs. 1,47,495 to the assessee-company, directing the Income-tax Appellate Tribunal, Cochin Bench to be informed of the decision. Case-Laws Income Tax Thu, 16 Jun 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27907