https://www.taxtmi.com/caselaws?id=62476 The tribunal partially allowed the appeal, directing the ITO to recompute the relief under s. 80J in accordance with the law. The failure to claim deductions under s. 80J and development rebate allowance during the original assessment was rectified under s. 154 of the IT Act. The tribunal emphasized the mandatory nature of deductions under Chapter IV-A and highlighted the necessity of creating a development rebate reserve for claiming the allowance, ultimately supporting the assessee's argument for rectification and granting relief under s. 80J. en-us Tue, 21 Apr 1981 00:00:00 +0530 Thu, 20 Jan 2011 10:13:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62476 The tribunal partially allowed the appeal, directing the ITO to recompute the relief under s. 80J in accordance with the law. The failure to claim deductions under s. 80J and development rebate allowance during the original assessment was rectified under s. 154 of the IT Act. The tribunal emphasized the mandatory nature of deductions under Chapter IV-A and highlighted the necessity of creating a development rebate reserve for claiming the allowance, ultimately supporting the assessee's argument for rectification and granting relief under s. 80J. Case-Laws Income Tax Tue, 21 Apr 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62476