https://www.taxtmi.com/caselaws?id=18733 The High Court affirmed the Tribunal's decision in favor of the assessee, recognizing the establishment of a new industrial unit for manufacturing pharmaceutical products with new plant and machinery. The Court ruled that the assessee met the conditions for claiming the deduction under section 80J of the Income-tax Act, 1961, rejecting the Revenue's reference. The Tribunal's findings were upheld, answering both questions in favor of the assessee, with no order as to costs. en-us Thu, 21 Apr 1994 00:00:00 +0530 Sat, 31 Oct 2009 16:30:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18733 The High Court affirmed the Tribunal's decision in favor of the assessee, recognizing the establishment of a new industrial unit for manufacturing pharmaceutical products with new plant and machinery. The Court ruled that the assessee met the conditions for claiming the deduction under section 80J of the Income-tax Act, 1961, rejecting the Revenue's reference. The Tribunal's findings were upheld, answering both questions in favor of the assessee, with no order as to costs. Case-Laws Income Tax Thu, 21 Apr 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18733