whether relief u/s 80J of the Income-tax Act, 1961, is admissible in a case where there is an expansion of an existing industrial unit

whether relief u/s 80J of the Income-tax Act, 1961, is admissible in a case where there is an expansion of an existing industrial unit https://www.taxtmi.com/circulars?id=10392 The Board, in consultation with the Ministry of Law, instructs that a clear legal distinction exists between a new industrial undertaking and expansion of an existing unit; deduction under Section 80J is allowable only when it is established that a new industrial undertaking has been formed, and assessing officers must scrutinise facts carefully before granting the relief. en-us Tue, 16 Dec 1975 00:00:00 +0530 Fri, 17 Jun 2011 18:30:00 +0530 TaxTMI RSS Generator whether relief u/s 80J of the Income-tax Act, 1961, is admissible in a case where there is an expansion of an existing industrial unit https://www.taxtmi.com/circulars?id=10392 The Board, in consultation with the Ministry of Law, instructs that a clear legal distinction exists between a new industrial undertaking and expansion of an existing unit; deduction under Section 80J is allowable only when it is established that a new industrial undertaking has been formed, and assessing officers must scrutinise facts carefully before granting the relief. Circulars Income Tax Tue, 16 Dec 1975 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10392