Exemption from income-tax to the extent of six per cent per annum of the capital employed.

Exemption from income-tax to the extent of six per cent per annum of the capital employed. https://www.taxtmi.com/circulars?id=9169 Relief under Section 80J is to be allowed proportionate to the period during which a qualifying new industrial undertaking is in productive operation; this follows Board reconsideration and legal consultation endorsing the Audit Manual approach permitting pro rata allowance in the absence of controlling higher court authority and despite earlier decisions and commentary favouring full annual allowance. en-us Mon, 13 Mar 1978 00:00:00 +0530 Thu, 02 Jun 2011 17:43:00 +0530 TaxTMI RSS Generator Exemption from income-tax to the extent of six per cent per annum of the capital employed. https://www.taxtmi.com/circulars?id=9169 Relief under Section 80J is to be allowed proportionate to the period during which a qualifying new industrial undertaking is in productive operation; this follows Board reconsideration and legal consultation endorsing the Audit Manual approach permitting pro rata allowance in the absence of controlling higher court authority and despite earlier decisions and commentary favouring full annual allowance. Circulars Income Tax Mon, 13 Mar 1978 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9169