Per annum interpretation: full annual deduction under section 80J is allowed and not prorated for part-year operations. The Board accepts High Court rulings that interpret per annum in relation to the deduction under section 80J to permit the full statutory annual deduction for the relevant previous year even where the new industrial undertaking, ship or hotel did not operate for the entire year, and directs that the deduction should not be reduced pro rata for the period during which the business was not carried on.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Per annum interpretation: full annual deduction under section 80J is allowed and not prorated for part-year operations.
The Board accepts High Court rulings that interpret per annum in relation to the deduction under section 80J to permit the full statutory annual deduction for the relevant previous year even where the new industrial undertaking, ship or hotel did not operate for the entire year, and directs that the deduction should not be reduced pro rata for the period during which the business was not carried on.
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