https://www.taxtmi.com/caselaws?id=21079 Deduction under section 80J of the Income-tax Act is not to be reduced proportionately merely because an industrial undertaking commenced production during the accounting year. The Court followed earlier binding decisions, including the Madras High Court view, that relief under section 80J cannot be confined to the exact number of days the undertaking actually worked in the previous year. It also noted that this position had been accepted by CBDT Circular No. 378 dated 03.03.1984. The result is that the Income-tax Officer was not justified in restricting the deduction on a day-to-day working basis, and the full relief was available to the assessee. en-us Thu, 04 Jun 1992 00:00:00 +0530 Thu, 19 Nov 2009 18:13:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21079 Deduction under section 80J of the Income-tax Act is not to be reduced proportionately merely because an industrial undertaking commenced production during the accounting year. The Court followed earlier binding decisions, including the Madras High Court view, that relief under section 80J cannot be confined to the exact number of days the undertaking actually worked in the previous year. It also noted that this position had been accepted by CBDT Circular No. 378 dated 03.03.1984. The result is that the Income-tax Officer was not justified in restricting the deduction on a day-to-day working basis, and the full relief was available to the assessee. Case-Laws Income Tax Thu, 04 Jun 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21079