1989 (3) TMI 46 - HC - Income Tax

Summary

The High Court dealt with a case regarding deduction under section 80J of the Income-tax Act, 1961 for capital employed in a branch industrial unit. The assessee claimed deduction based on a certain amount, but the Income-tax Officer allowed a lower deduction. The Commissioner of Income-tax (Appeals) and the Tribunal later upheld the assessee's claim. However, the High Court ruled against the assessee based on the judgment in Lohia Machines Ltd. v. Union of India [1985] 152 ITR 308.