https://www.taxtmi.com/caselaws?id=26580 The High Court of Bombay ruled in favor of the assessee, finding that the establishment of a new industrial undertaking for manufacturing nyloc inserts qualified for relief under section 80J of the Income-tax Act, 1961. The Court rejected the Revenue's argument of reconstruction, emphasizing that setting up a new plant did not constitute reconstruction as defined by the Supreme Court. Consequently, the Court directed the Revenue to pay the costs of the reference. en-us Fri, 27 Sep 1985 00:00:00 +0530 Sat, 06 Feb 2010 11:33:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26580 The High Court of Bombay ruled in favor of the assessee, finding that the establishment of a new industrial undertaking for manufacturing nyloc inserts qualified for relief under section 80J of the Income-tax Act, 1961. The Court rejected the Revenue's argument of reconstruction, emphasizing that setting up a new plant did not constitute reconstruction as defined by the Supreme Court. Consequently, the Court directed the Revenue to pay the costs of the reference. Case-Laws Income Tax Fri, 27 Sep 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26580