https://www.taxtmi.com/caselaws?id=27156 The court ruled in favor of the Revenue and against the assessee regarding the eligibility for deduction under section 80J of the Income-tax Act. The court held that the purchase and installation of second-hand machinery did not qualify for the deduction as it was not a newly established industrial undertaking. Additionally, the acquisition of a polishing machine was not considered as setting up a new industrial undertaking. Consequently, the assessee was not entitled to the deduction under section 80J of the Act, and each party was ordered to bear its own costs. en-us Wed, 12 Sep 1984 00:00:00 +0530 Thu, 11 Feb 2010 12:05:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27156 The court ruled in favor of the Revenue and against the assessee regarding the eligibility for deduction under section 80J of the Income-tax Act. The court held that the purchase and installation of second-hand machinery did not qualify for the deduction as it was not a newly established industrial undertaking. Additionally, the acquisition of a polishing machine was not considered as setting up a new industrial undertaking. Consequently, the assessee was not entitled to the deduction under section 80J of the Act, and each party was ordered to bear its own costs. Case-Laws Income Tax Wed, 12 Sep 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27156