https://www.taxtmi.com/caselaws?id=39103 The High Court of Allahabad clarified that profits earned from new industrial units must be included in the computation of total capital employed for relief under section 84 of the Income-tax Act, 1961, as per rule 19(5) of the Income-tax Rules, 1962. The court rejected the department's argument to exclude the profits, emphasizing the rule's unambiguous language. The court ruled in favor of the assessee, awarding costs of Rs. 200. en-us Wed, 22 Jan 1975 00:00:00 +0530 Mon, 12 Apr 2010 18:28:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39103 The High Court of Allahabad clarified that profits earned from new industrial units must be included in the computation of total capital employed for relief under section 84 of the Income-tax Act, 1961, as per rule 19(5) of the Income-tax Rules, 1962. The court rejected the department's argument to exclude the profits, emphasizing the rule's unambiguous language. The court ruled in favor of the assessee, awarding costs of Rs. 200. Case-Laws Income Tax Wed, 22 Jan 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39103