https://www.taxtmi.com/caselaws?id=25983 The High Court affirmed that the "Deep Sea Fishing Division" qualifies as an "industrial undertaking" under section 80J of the Income-tax Act, 1961. The division's activities in processing fish products were deemed to fulfill the conditions of a new industrial undertaking. Operations involving cleaning, peeling, and freezing shrimps were considered as production of marketable goods. The court concluded that these processes constituted production, entitling the assessee to tax relief under section 80J, ruling in favor of the assessee without costs. en-us Wed, 09 Jul 1986 00:00:00 +0530 Tue, 02 Feb 2010 11:14:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25983 The High Court affirmed that the "Deep Sea Fishing Division" qualifies as an "industrial undertaking" under section 80J of the Income-tax Act, 1961. The division's activities in processing fish products were deemed to fulfill the conditions of a new industrial undertaking. Operations involving cleaning, peeling, and freezing shrimps were considered as production of marketable goods. The court concluded that these processes constituted production, entitling the assessee to tax relief under section 80J, ruling in favor of the assessee without costs. Case-Laws Income Tax Wed, 09 Jul 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25983