https://www.taxtmi.com/acts?id=4319 Section 80J permits a deduction from profits of newly established industrial undertakings, ships and hotel businesses equal to a specified rate of the capital employed, allowed for the initial assessment year and a limited number of succeeding assessment years. The section prescribes detailed computation of capital employed (asset values, deduction of borrowed moneys, adjustments for non-business investments), eligibility conditions for undertakings, ships and hotels, carry-forward and set-off of deficiencies for limited years, audit requirements for non-corporate claimants, market-value adjustments for transfers between businesses, and assessing officer and Central Government powers to limit or exclude the exemption. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 12:53:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4319 Section 80J permits a deduction from profits of newly established industrial undertakings, ships and hotel businesses equal to a specified rate of the capital employed, allowed for the initial assessment year and a limited number of succeeding assessment years. The section prescribes detailed computation of capital employed (asset values, deduction of borrowed moneys, adjustments for non-business investments), eligibility conditions for undertakings, ships and hotels, carry-forward and set-off of deficiencies for limited years, audit requirements for non-corporate claimants, market-value adjustments for transfers between businesses, and assessing officer and Central Government powers to limit or exclude the exemption. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4319