https://www.taxtmi.com/caselaws?id=67801 The Tribunal partly allowed the appeal, directing the recomputation of Section 80J relief for the entire year. However, it upheld the disallowance of inauguration expenses claimed as business expenditure and depreciation on pre-production expenses for business promotion and training. The exclusion of borrowed money and debts from the Section 80J claim was justified based on the retrospective amendment mandating such exclusion. The Tribunal also ruled that deductions under Section 80J should be proportional to the actual working period of the industrial undertaking. en-us Tue, 28 Apr 1981 00:00:00 +0530 Mon, 14 Mar 2011 16:20:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67801 The Tribunal partly allowed the appeal, directing the recomputation of Section 80J relief for the entire year. However, it upheld the disallowance of inauguration expenses claimed as business expenditure and depreciation on pre-production expenses for business promotion and training. The exclusion of borrowed money and debts from the Section 80J claim was justified based on the retrospective amendment mandating such exclusion. The Tribunal also ruled that deductions under Section 80J should be proportional to the actual working period of the industrial undertaking. Case-Laws Income Tax Tue, 28 Apr 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67801