https://www.taxtmi.com/caselaws?id=25304 Section 80J deduction was denied where the Tribunal found, as a matter of fact, that the assessee carried on a new business and that machinery from Shri Vinod Sonpar's individual business had been transferred to the firm. On those factual findings, section 80J(4)(ii) applied and barred the claim for deduction under section 80J for the relevant assessment year 1975-76. The question was answered in favour of the Revenue and against the assessee. en-us Mon, 04 Jan 1988 00:00:00 +0530 Wed, 27 Jan 2010 17:53:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25304 Section 80J deduction was denied where the Tribunal found, as a matter of fact, that the assessee carried on a new business and that machinery from Shri Vinod Sonpar's individual business had been transferred to the firm. On those factual findings, section 80J(4)(ii) applied and barred the claim for deduction under section 80J for the relevant assessment year 1975-76. The question was answered in favour of the Revenue and against the assessee. Case-Laws Income Tax Mon, 04 Jan 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25304