https://www.taxtmi.com/caselaws?id=17570 The High Court upheld the Tribunal's decision in favor of the assessee, ruling that the hatchery business qualified as an industrial undertaking under section 80J of the Income-tax Act. It also determined that the assessee was eligible for relief under both sections 80J and 80JJ, allowing for dual deductions. Additionally, the Court found the assessee entitled to enhanced depreciation as an industrial company, aligning the definition with that of an industrial undertaking. The Court emphasized the evolution of hatcheries into industrial units and the absence of prohibitions, ultimately disposing of the case in favor of the assessee. en-us Wed, 22 Mar 1995 00:00:00 +0530 Wed, 23 Sep 2009 13:30:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17570 The High Court upheld the Tribunal's decision in favor of the assessee, ruling that the hatchery business qualified as an industrial undertaking under section 80J of the Income-tax Act. It also determined that the assessee was eligible for relief under both sections 80J and 80JJ, allowing for dual deductions. Additionally, the Court found the assessee entitled to enhanced depreciation as an industrial company, aligning the definition with that of an industrial undertaking. The Court emphasized the evolution of hatcheries into industrial units and the absence of prohibitions, ultimately disposing of the case in favor of the assessee. Case-Laws Income Tax Wed, 22 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17570