1989 (3) TMI 108 - HC - Income Tax

Summary

The High Court of Punjab and Haryana addressed deduction under section 80J of the Income-tax Act, 1961, in a case involving capital employed for machinery under installation. The court ruled in favor of the Revenue on the first two questions based on a Supreme Court decision, but in favor of the assessee on the third question citing a previous decision of the court. The reference was disposed of with no order as to costs.