https://www.taxtmi.com/caselaws?id=10445 The High Court ruled in favor of the Revenue, determining that the assessee-company was not entitled to the deduction under section 80J of the Income-tax Act, 1961. The court emphasized that the deduction is only applicable when an industrial undertaking engages in regular production of articles, not just trial production. As no regular production occurred during the relevant assessment year, the court held that the Tribunal erred in allowing the deduction. The court clarified that the legislative intent behind section 80J is to incentivize regular production for commercial purposes, distinguishing it from trial production. en-us Wed, 22 Dec 2004 00:00:00 +0530 Wed, 15 Jul 2009 19:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10445 The High Court ruled in favor of the Revenue, determining that the assessee-company was not entitled to the deduction under section 80J of the Income-tax Act, 1961. The court emphasized that the deduction is only applicable when an industrial undertaking engages in regular production of articles, not just trial production. As no regular production occurred during the relevant assessment year, the court held that the Tribunal erred in allowing the deduction. The court clarified that the legislative intent behind section 80J is to incentivize regular production for commercial purposes, distinguishing it from trial production. Case-Laws Income Tax Wed, 22 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10445