https://www.taxtmi.com/caselaws?id=35807 The court held that the Tribunal erred in ignoring Rule 19A of the I.T. Rules, 1962, and in including borrowed capital in the computation of capital employed for Section 80J. The Tribunal's decision to enhance the deduction under Section 80J was deemed unjustified as it contravened statutory provisions. The court emphasized the importance of adhering to established rules and dismissed previous decisions that questioned the validity of Rule 19A(3). The court concluded that the Tribunal's actions were not justified and made no order as to costs. en-us Thu, 11 Dec 1980 00:00:00 +0530 Tue, 16 Mar 2010 17:35:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35807 The court held that the Tribunal erred in ignoring Rule 19A of the I.T. Rules, 1962, and in including borrowed capital in the computation of capital employed for Section 80J. The Tribunal's decision to enhance the deduction under Section 80J was deemed unjustified as it contravened statutory provisions. The court emphasized the importance of adhering to established rules and dismissed previous decisions that questioned the validity of Rule 19A(3). The court concluded that the Tribunal's actions were not justified and made no order as to costs. Case-Laws Income Tax Thu, 11 Dec 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35807