https://www.taxtmi.com/caselaws?id=60389 Secured loans were includible in the capital employed for computing deduction under section 80J where a binding High Court decision governed the issue. The appellate authority therefore directed recomputation of the relief on that basis, and the Tribunal found no error because the Calcutta High Court ruling in Century Enka Ltd. held the field. The Revenue's challenge to exclusion of secured loans failed, and the order for recomputation of the deduction was affirmed. en-us Tue, 16 Oct 1979 00:00:00 +0530 Wed, 05 Jan 2011 11:20:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60389 Secured loans were includible in the capital employed for computing deduction under section 80J where a binding High Court decision governed the issue. The appellate authority therefore directed recomputation of the relief on that basis, and the Tribunal found no error because the Calcutta High Court ruling in Century Enka Ltd. held the field. The Revenue's challenge to exclusion of secured loans failed, and the order for recomputation of the deduction was affirmed. Case-Laws Income Tax Tue, 16 Oct 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60389