https://www.taxtmi.com/caselaws?id=27737 The High Court ruled in favor of the assessee, holding that they were entitled to relief under section 80J(3) for all assessment years, including previous years. The Court upheld the Tribunal's decision that the assessee could claim deduction under section 80J for the years in which they made a profit, even if no claim was made in earlier years when no profit was earned. The Court emphasized that sub-section (3) of section 80J does not mandate a claim in years without profits, allowing for the deduction to be carried forward. en-us Mon, 11 Jun 1984 00:00:00 +0530 Mon, 15 Feb 2010 17:02:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27737 The High Court ruled in favor of the assessee, holding that they were entitled to relief under section 80J(3) for all assessment years, including previous years. The Court upheld the Tribunal's decision that the assessee could claim deduction under section 80J for the years in which they made a profit, even if no claim was made in earlier years when no profit was earned. The Court emphasized that sub-section (3) of section 80J does not mandate a claim in years without profits, allowing for the deduction to be carried forward. Case-Laws Income Tax Mon, 11 Jun 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27737