https://www.taxtmi.com/caselaws?id=69276 The appeal involved the computation of relief under section 80J for the assessment year 1976-77 by a public limited company. The Tribunal ruled in favor of the assessee, directing the Income Tax Officer to calculate relief without considering rule 19A(3) for capital employed calculation. Additionally, the Tribunal held that relief should be granted yearly for five years without prorating it based on the operational period, contrary to the method used by the ITO. As a result, the appeal was allowed, and the ITO was instructed to amend the assessment accordingly. en-us Wed, 30 May 1979 00:00:00 +0530 Wed, 06 Apr 2011 10:49:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69276 The appeal involved the computation of relief under section 80J for the assessment year 1976-77 by a public limited company. The Tribunal ruled in favor of the assessee, directing the Income Tax Officer to calculate relief without considering rule 19A(3) for capital employed calculation. Additionally, the Tribunal held that relief should be granted yearly for five years without prorating it based on the operational period, contrary to the method used by the ITO. As a result, the appeal was allowed, and the ITO was instructed to amend the assessment accordingly. Case-Laws Income Tax Wed, 30 May 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69276