https://www.taxtmi.com/caselaws?id=24753 The court ruled in favor of Sri Venkateswara Hatcheries Private Limited on the issues of entitlement to deduction under section 80J and classification as an industrial company. It held that the assessee qualifies as a new industrial undertaking producing articles and is entitled to deductions under both sections 80J and 80JJ if requirements are met. However, the court rejected the assessee's claim regarding the computation of deduction under section 80JJ based on "commercial profits." The court did not address the deduction under section 35C due to the assessee's withdrawal of the claim. en-us Mon, 29 Feb 1988 00:00:00 +0530 Fri, 22 Jan 2010 11:20:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24753 The court ruled in favor of Sri Venkateswara Hatcheries Private Limited on the issues of entitlement to deduction under section 80J and classification as an industrial company. It held that the assessee qualifies as a new industrial undertaking producing articles and is entitled to deductions under both sections 80J and 80JJ if requirements are met. However, the court rejected the assessee's claim regarding the computation of deduction under section 80JJ based on "commercial profits." The court did not address the deduction under section 35C due to the assessee's withdrawal of the claim. Case-Laws Income Tax Mon, 29 Feb 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24753