1989 (2) TMI 59

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..... n under section 80J of the Income-tax Act, 1961, in respect of the value of the assets under installation. The assessee claimed relief in the computation of capital for the purposes of relief under section 80J of the Act in respect of the value of installations amounting to Rs. 14,05,380. The Tribunal, following the, judgment in CIT v. Cibatul Ltd. [1978] 115 ITR 879 (Guj), and CIT v. Mohan Meak .....

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..... ilar view has been taken in CIT v. Indian Oxygen Ltd. [1978] 113 ITR 109 (Cal) ; Ravi Machine Tools (P.) Ltd. v. CIT [1978] 114 ITR 459 (Kar) ; Periyar Chemicals Ltd. v. CIT [1986] 162 ITR 163 (Ker) ; CIT v. Union Carbide India Ltd. [1987] 165 ITR 546 (Cal) CIT v. Indian Smelting and Refining Co. Ltd. [1988] 169 ITR 562 (Bom) and CIT v. Southern Agrifurane Industries Ltd. [1988] 174 ITR 697 (Mad). .....

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