Deduction u/s 80J - When the working of the unit or hotel or ship results in a loss, relief under section 80J will not be admissible for set off against positive income from any other source of income.
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Deduction under Section 80J denied where an industrial unit, hotel or ship incurs a loss; relief must be carried forward. Relief under Section 80J is confined to positive profits and gains of an industrial undertaking, hotel or ship; if that activity shows a loss, no ... Summary
Deduction under Section 80J denied where an industrial unit, hotel or ship incurs a loss; relief must be carried forward.
Relief under Section 80J is confined to positive profits and gains of an industrial undertaking, hotel or ship; if that activity shows a loss, no deduction under the provision may be set off against positive income from other sources, and any shortfall in applicable relief must be carried forward under the statute, with administrative review and rectification of prior erroneous allowances.
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