https://www.taxtmi.com/caselaws?id=24815 Deduction under section 80J of the Income-tax Act, 1961 was held to be computable on the statutory basis and not reduced proportionately merely because the industrial unit operated for only part of the accounting year. The High Court followed its earlier view and the line of authority that relief under section 80J depends on the statutory method of computation, not on the number of days of actual operation during the year. The issue was answered in favour of the assessee, and proportionate curtailment of the deduction was rejected. en-us Tue, 19 Jul 1988 00:00:00 +0530 Fri, 22 Jan 2010 15:48:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24815 Deduction under section 80J of the Income-tax Act, 1961 was held to be computable on the statutory basis and not reduced proportionately merely because the industrial unit operated for only part of the accounting year. The High Court followed its earlier view and the line of authority that relief under section 80J depends on the statutory method of computation, not on the number of days of actual operation during the year. The issue was answered in favour of the assessee, and proportionate curtailment of the deduction was rejected. Case-Laws Income Tax Tue, 19 Jul 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24815