1984 (7) TMI 197 - AT - Income Tax

Summary

The judgment concerns the inclusion of uninstalled machinery value in capital computation for deduction under s. 80JJ and the treatment of borrowed capital for relief under s. 80J. The Appellate Tribunal accepted the assessee's claim regarding the uninstalled machinery and directed a modification in the computation of deduction under s. 80J pending a Supreme Court judgment on the retrospective amendment. The appeal was treated as allowed for statistical purposes.