https://www.taxtmi.com/caselaws?id=24101 The High Court of Madhya Pradesh ruled in favor of the assessee in a case concerning the interpretation of deduction under section 80J of the Income-tax Act for earlier years. The Court held that the deduction could be granted even without a formal claim if there was material on record, citing relevant precedents. It emphasized that the assessee is entitled to the deduction for all assessment years as per the provisions of sub-section (3) of section 80J, regardless of profit in previous years. The Court also affirmed the jurisdiction of the Commissioner of Income-tax (Appeals) to entertain additional claims, upholding the Tribunal's decision in favor of the assessee. en-us Wed, 21 Sep 1988 00:00:00 +0530 Sat, 16 Jan 2010 16:28:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24101 The High Court of Madhya Pradesh ruled in favor of the assessee in a case concerning the interpretation of deduction under section 80J of the Income-tax Act for earlier years. The Court held that the deduction could be granted even without a formal claim if there was material on record, citing relevant precedents. It emphasized that the assessee is entitled to the deduction for all assessment years as per the provisions of sub-section (3) of section 80J, regardless of profit in previous years. The Court also affirmed the jurisdiction of the Commissioner of Income-tax (Appeals) to entertain additional claims, upholding the Tribunal's decision in favor of the assessee. Case-Laws Income Tax Wed, 21 Sep 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24101