https://www.taxtmi.com/caselaws?id=23294 The court interpreted the term "assessment year" under Section 80J(2) of the Income-tax Act, emphasizing it as a period of twelve months starting from April 1 each year. The assessee's claim for relief under Section 80J for the assessment year 1973-74 was denied due to the sequence of assessment years following the initial year of 1968-69. The change in accounting year did not affect the calculation of the four consecutive assessment years. The court upheld the Tribunal's decision, ruling against the assessee and directing them to pay costs to the Revenue. en-us Wed, 14 Mar 1990 00:00:00 +0530 Fri, 18 Dec 2009 11:41:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23294 The court interpreted the term "assessment year" under Section 80J(2) of the Income-tax Act, emphasizing it as a period of twelve months starting from April 1 each year. The assessee's claim for relief under Section 80J for the assessment year 1973-74 was denied due to the sequence of assessment years following the initial year of 1968-69. The change in accounting year did not affect the calculation of the four consecutive assessment years. The court upheld the Tribunal's decision, ruling against the assessee and directing them to pay costs to the Revenue. Case-Laws Income Tax Wed, 14 Mar 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23294