https://www.taxtmi.com/caselaws?id=28413 The High Court upheld the Tribunal's decision in a case involving the interpretation of rule 19A(3) of the Income Tax Rules and the entitlement to deduction under section 80J. It was held that only the actual tax amount due should be deducted from the capital employed for relief under section 80J, not the provision amount. The Court also ruled in favor of the assessee that relief under section 80J should not be limited on a proportionate time basis but should be granted for the entire year. The High Court's decision favored the assessee, awarding costs in their favor. en-us Mon, 22 Aug 1983 00:00:00 +0530 Mon, 22 Feb 2010 13:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28413 The High Court upheld the Tribunal's decision in a case involving the interpretation of rule 19A(3) of the Income Tax Rules and the entitlement to deduction under section 80J. It was held that only the actual tax amount due should be deducted from the capital employed for relief under section 80J, not the provision amount. The Court also ruled in favor of the assessee that relief under section 80J should not be limited on a proportionate time basis but should be granted for the entire year. The High Court's decision favored the assessee, awarding costs in their favor. Case-Laws Income Tax Mon, 22 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28413