https://www.taxtmi.com/circulars?id=8963 Relief under section 80J must be computed by treating the new industrial undertaking as a separate business; apply business deduction rules to that undertaking alone. Expenses, allowances and adjustments attributable to the new undertaking, including unabsorbed depreciation and development rebate, must not be set off against profits of other units or other heads of income for computing relief, although such set-offs may be relevant when determining total income under the Act. en-us Thu, 04 Mar 1976 00:00:00 +0530 Wed, 01 Jun 2011 13:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8963 Relief under section 80J must be computed by treating the new industrial undertaking as a separate business; apply business deduction rules to that undertaking alone. Expenses, allowances and adjustments attributable to the new undertaking, including unabsorbed depreciation and development rebate, must not be set off against profits of other units or other heads of income for computing relief, although such set-offs may be relevant when determining total income under the Act. Circulars Income Tax Thu, 04 Mar 1976 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8963