1989 (3) TMI 108

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.... S. S. SODHI J.-The point in issue in this reference concerns deduction under section 80J of the Income-tax Act, 1961, read with rule 19A of the Income-tax Rules, 1962, in respect of the capital employed for machinery under installation. The three questions referred in this behalf being: "(1) Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in holding ....