https://www.taxtmi.com/caselaws?id=16605 The High Court of PUNJAB AND HARYANA ruled in a case concerning the interpretation of section 80J of the Income-tax Act, 1961. The court held that relief under section 80J should be granted for the entire year, not on a pro-rata basis for the period of productive operation of an industrial undertaking. The court cited precedents from the Madras and Karnataka High Courts, supported by Revenue Circular No. 378, to emphasize that the deduction should not be reduced proportionately for the period of non-operation. As a result, the assessee was granted the deduction for the full year, favoring the assessee in this case. en-us Tue, 15 Jul 1997 00:00:00 +0530 Tue, 08 Sep 2009 17:29:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16605 The High Court of PUNJAB AND HARYANA ruled in a case concerning the interpretation of section 80J of the Income-tax Act, 1961. The court held that relief under section 80J should be granted for the entire year, not on a pro-rata basis for the period of productive operation of an industrial undertaking. The court cited precedents from the Madras and Karnataka High Courts, supported by Revenue Circular No. 378, to emphasize that the deduction should not be reduced proportionately for the period of non-operation. As a result, the assessee was granted the deduction for the full year, favoring the assessee in this case. Case-Laws Income Tax Tue, 15 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16605