Relief under section 80-J: compute new industrial undertaking profits separately; set offs against other income disallowed. Relief under section 80-J requires computing profits of a new industrial undertaking as a separate business, applying the normal heads-of-income rules, and not allowing expenses, allowances or unabsorbed depreciation of that undertaking to be set off against profits or income of other units or heads when determining the relief for the undertaking.
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.
Relief under section 80-J: compute new industrial undertaking profits separately; set offs against other income disallowed.
Relief under section 80-J requires computing profits of a new industrial undertaking as a separate business, applying the normal heads-of-income rules, and not allowing expenses, allowances or unabsorbed depreciation of that undertaking to be set off against profits or income of other units or heads when determining the relief for the undertaking.
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