https://www.taxtmi.com/caselaws?id=14822 The High Court held that the deduction under Section 80J must be claimed within seven years from the end of the initial assessment year, emphasizing the need for proper computation of loss in the previous year for carry forward and set off. The Court ruled in favor of the Revenue, highlighting the interplay between Section 80J(1) and (3) in determining the eligibility for deduction under the Income-tax Act, 1961. en-us Tue, 18 Jul 2000 00:00:00 +0530 Sat, 18 Jul 2009 18:23:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14822 The High Court held that the deduction under Section 80J must be claimed within seven years from the end of the initial assessment year, emphasizing the need for proper computation of loss in the previous year for carry forward and set off. The Court ruled in favor of the Revenue, highlighting the interplay between Section 80J(1) and (3) in determining the eligibility for deduction under the Income-tax Act, 1961. Case-Laws Income Tax Tue, 18 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14822