https://www.taxtmi.com/caselaws?id=24360 The court ruled in favor of the assessee regarding the interpretation of section 80J(4) for industrial undertaking eligibility. The court clarified that a new activity expanding the existing business does not disqualify for section 80J benefits, as long as separate accounts are maintained. The court did not address the competency of the Additional Commissioner to revise the assessment or enhance the assessment amount post time-barred revision, as the primary issue was resolved in favor of the assessee. en-us Wed, 16 Nov 1988 00:00:00 +0530 Tue, 19 Jan 2010 14:09:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24360 The court ruled in favor of the assessee regarding the interpretation of section 80J(4) for industrial undertaking eligibility. The court clarified that a new activity expanding the existing business does not disqualify for section 80J benefits, as long as separate accounts are maintained. The court did not address the competency of the Additional Commissioner to revise the assessment or enhance the assessment amount post time-barred revision, as the primary issue was resolved in favor of the assessee. Case-Laws Income Tax Wed, 16 Nov 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24360