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of <h1>High Court rules in favor of assessee on section 80J relief calculation. Legal precedents and CBDT circular cited.</h1> <h3>Commissioner Of Income-Tax Versus Premier Breweries Limited</h3> Commissioner Of Income-Tax Versus Premier Breweries Limited - [1993] 201 ITR 146, 106 CTR 59 The High Court of Kerala held that the Income-tax Officer was not justified in cutting down the relief under section 80J of the Income-tax Act proportionate to the number of days worked in the accounting year. The decision was based on precedents and a circular from the Central Board of Direct Taxes. The court ruled in favor of the assessee. The judgment will be forwarded to the Income-tax Appellate Tribunal, Cochin Bench.
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