https://www.taxtmi.com/caselaws?id=25710 Section 80J relief is available where the undertaking is a new industrial unit and not a reconstruction of an business. Reconstruction requires substantial continuity of the same business, usually with transfer of old assets into a revived undertaking. On the stated facts, the earlier factory was destroyed by fire, the old product ceased, fresh licences and a new power connection were obtained, new machinery was imported and installed, and the new unit manufactured a distinct product. Those features showed a fresh industrial undertaking rather than a resuscitated old business, so the reconstruction bar under section 80J(4)(i) did not apply and relief under section 80J(1) remained available. en-us Thu, 12 Feb 1987 00:00:00 +0530 Sat, 30 Jan 2010 13:01:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25710 Section 80J relief is available where the undertaking is a new industrial unit and not a reconstruction of an business. Reconstruction requires substantial continuity of the same business, usually with transfer of old assets into a revived undertaking. On the stated facts, the earlier factory was destroyed by fire, the old product ceased, fresh licences and a new power connection were obtained, new machinery was imported and installed, and the new unit manufactured a distinct product. Those features showed a fresh industrial undertaking rather than a resuscitated old business, so the reconstruction bar under section 80J(4)(i) did not apply and relief under section 80J(1) remained available. Case-Laws Income Tax Thu, 12 Feb 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25710