https://www.taxtmi.com/caselaws?id=17192 The High Court affirmed the Tribunal's decision that hiring machineries from a sister concern for the assessment year 1978-79 did not constitute a transfer under s. 80J(4)(ii) of the IT Act, 1961. For the assessment year 1979-80, despite no forest exploitation or timber sizing during the relevant period, the Court upheld the Tribunal's ruling that the assessee was entitled to relief under s. 80J as the profits were derived from prior industrial activities, qualifying for relief even without manufacturing during the specific accounting period. en-us Fri, 29 Nov 1996 00:00:00 +0530 Tue, 15 Sep 2009 17:28:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17192 The High Court affirmed the Tribunal's decision that hiring machineries from a sister concern for the assessment year 1978-79 did not constitute a transfer under s. 80J(4)(ii) of the IT Act, 1961. For the assessment year 1979-80, despite no forest exploitation or timber sizing during the relevant period, the Court upheld the Tribunal's ruling that the assessee was entitled to relief under s. 80J as the profits were derived from prior industrial activities, qualifying for relief even without manufacturing during the specific accounting period. Case-Laws Income Tax Fri, 29 Nov 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17192