https://www.taxtmi.com/caselaws?id=25446 Section 80J deduction calculated at a yearly rate on capital employed is not to be reduced proportionately merely because the industrial undertaking operated for only part of the previous year. The interpretation of "per annum" in the corresponding relief provision supports full deduction for the relevant year unless the statute expressly requires a broken-period reduction; a CBDT circular of 3 March 1984 adopted the same construction and directed that the relief should not be curtailed for non-operation during part of the year. en-us Fri, 13 Mar 1987 00:00:00 +0530 Thu, 28 Jan 2010 16:09:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25446 Section 80J deduction calculated at a yearly rate on capital employed is not to be reduced proportionately merely because the industrial undertaking operated for only part of the previous year. The interpretation of "per annum" in the corresponding relief provision supports full deduction for the relevant year unless the statute expressly requires a broken-period reduction; a CBDT circular of 3 March 1984 adopted the same construction and directed that the relief should not be curtailed for non-operation during part of the year. Case-Laws Income Tax Fri, 13 Mar 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25446