https://www.taxtmi.com/caselaws?id=13912 The High Court ruled against the assessee and in favor of the Revenue regarding relief eligibility under section 80J of the Income-tax Act, 1961. However, the High Court ruled in favor of the assessee and against the Revenue regarding the claim for carry forward of deficiency under section 80J(3). The judgment clarified the interpretation of section 80J and established that the deficiency could be carried forward to subsequent years without explicit computation in the year of loss. en-us Tue, 17 Oct 2000 00:00:00 +0530 Sat, 04 Jul 2009 18:40:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13912 The High Court ruled against the assessee and in favor of the Revenue regarding relief eligibility under section 80J of the Income-tax Act, 1961. However, the High Court ruled in favor of the assessee and against the Revenue regarding the claim for carry forward of deficiency under section 80J(3). The judgment clarified the interpretation of section 80J and established that the deficiency could be carried forward to subsequent years without explicit computation in the year of loss. Case-Laws Income Tax Tue, 17 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13912