https://www.taxtmi.com/caselaws?id=189046 The High Court held that the assessee was entitled to relief under section 84 for the assessment years 1964-65, 1965-66, and 1966-67 in respect of the Raipur plant. The Court emphasized the legislative intent to incentivize newly established industrial undertakings and interpreted the provisions liberally to encourage such ventures. The Court found that the Raipur unit met the conditions under section 84 for the relevant assessment years, allowing the relief. However, the Court declined to address the deduction claim of Rs. 6,000 as revenue expenditure for the assessment year 1966-67 as the assessee did not pursue the issue. en-us Tue, 31 Jan 1984 00:00:00 +0530 Mon, 26 Dec 2016 15:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189046 The High Court held that the assessee was entitled to relief under section 84 for the assessment years 1964-65, 1965-66, and 1966-67 in respect of the Raipur plant. The Court emphasized the legislative intent to incentivize newly established industrial undertakings and interpreted the provisions liberally to encourage such ventures. The Court found that the Raipur unit met the conditions under section 84 for the relevant assessment years, allowing the relief. However, the Court declined to address the deduction claim of Rs. 6,000 as revenue expenditure for the assessment year 1966-67 as the assessee did not pursue the issue. Case-Laws Income Tax Tue, 31 Jan 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189046