https://www.taxtmi.com/caselaws?id=37399 The Bombay High Court upheld the Tribunal's decision in favor of the assessee, ruling that the capital employed for relief under section 84 of the Income Tax Act should include assets acquired for the business, even if not in active use. The Court emphasized a broader interpretation of "capital employed" and rejected limiting relief to assets in actual use, directing the Commissioner to pay the costs of the reference to the assessee. en-us Fri, 07 Jul 1978 00:00:00 +0530 Mon, 29 Mar 2010 13:54:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37399 The Bombay High Court upheld the Tribunal's decision in favor of the assessee, ruling that the capital employed for relief under section 84 of the Income Tax Act should include assets acquired for the business, even if not in active use. The Court emphasized a broader interpretation of "capital employed" and rejected limiting relief to assets in actual use, directing the Commissioner to pay the costs of the reference to the assessee. Case-Laws Income Tax Fri, 07 Jul 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37399