Section 80J relief to new industrial undertakings to be allowed proportionate to the period of operation. Relief under Section 80J is to be allowed proportionate to the period during which a qualifying new industrial undertaking is in productive operation; ... Summary
Section 80J relief to new industrial undertakings to be allowed proportionate to the period of operation.
Relief under Section 80J is to be allowed proportionate to the period during which a qualifying new industrial undertaking is in productive operation; this follows Board reconsideration and legal consultation endorsing the Audit Manual approach permitting pro rata allowance in the absence of controlling higher court authority and despite earlier decisions and commentary favouring full annual allowance.
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