https://www.taxtmi.com/caselaws?id=38225 The court ruled in favor of the assessee on all three issues presented in the case. Firstly, the deduction for research expenses under section 37(1) of the Income-tax Act, 1961, was deemed permissible. Secondly, the inclusion of capital work-in-progress in the computation of capital employed for relief under section 84(1) was accepted. Lastly, the assessee was granted relief under section 84 for profits from the wire mill unit, following the Supreme Court's precedent. The court's judgment favored the assessee on all counts, with no order as to costs. en-us Fri, 22 Apr 1977 00:00:00 +0530 Mon, 05 Apr 2010 10:58:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38225 The court ruled in favor of the assessee on all three issues presented in the case. Firstly, the deduction for research expenses under section 37(1) of the Income-tax Act, 1961, was deemed permissible. Secondly, the inclusion of capital work-in-progress in the computation of capital employed for relief under section 84(1) was accepted. Lastly, the assessee was granted relief under section 84 for profits from the wire mill unit, following the Supreme Court's precedent. The court's judgment favored the assessee on all counts, with no order as to costs. Case-Laws Income Tax Fri, 22 Apr 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38225