https://www.taxtmi.com/caselaws?id=242867 The Court ruled that the deficiency under Section 80-J of the Income Tax Act cannot be carried forward beyond the seventh assessment year as specified in the legislative provision. The judgment emphasized the clarity of the legislative language and upheld the decision of the CIT(A) and the Income Tax Appellate Tribunal. The Court concluded that there was no ambiguity in the provision and clarified that the benefit of deduction under Section 80-J is limited to seven years, settling the dispute between the parties on the interpretation of the law. en-us Tue, 10 Dec 2013 00:00:00 +0530 Wed, 22 Jan 2014 06:32:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242867 The Court ruled that the deficiency under Section 80-J of the Income Tax Act cannot be carried forward beyond the seventh assessment year as specified in the legislative provision. The judgment emphasized the clarity of the legislative language and upheld the decision of the CIT(A) and the Income Tax Appellate Tribunal. The Court concluded that there was no ambiguity in the provision and clarified that the benefit of deduction under Section 80-J is limited to seven years, settling the dispute between the parties on the interpretation of the law. Case-Laws Income Tax Tue, 10 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242867