Assessee entitled to Section 80J relief despite factory operating 175 days

The High Court of Bombay held that an assessee is entitled to relief under section 80J of the Income-tax Act, 1961, even if the factory operated for only 175 days in the relevant assessment year, following precedent from a previous case. The ruling favored the assessee, with no costs awarded.

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The High Court of Bombay considered whether an assessee is entitled to relief under section 80J of the Income-tax Act, 1961, even if the factory operated for only 175 days in the relevant assessment year. The court ruled in favor of the assessee, citing a previous decision in CIT v. Godrej Soaps Pvt. Ltd. No costs were awarded.

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