https://www.taxtmi.com/caselaws?id=36604 The High Court of Delhi ruled in favor of the assessee, a private limited company, in a case concerning relief under section 80J of the Income-tax Act, 1961 for capital employed in a new industrial undertaking. The Court held that the new factory established by the assessee was a distinct viable unit, separate from the existing business, and met the conditions for the exemption under section 80J. Emphasizing the promotion of industrial growth, the Court allowed the claim for relief based on the capital invested in the new industrial undertaking at Faridabad. en-us Fri, 01 Aug 1980 00:00:00 +0530 Tue, 23 Mar 2010 13:20:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36604 The High Court of Delhi ruled in favor of the assessee, a private limited company, in a case concerning relief under section 80J of the Income-tax Act, 1961 for capital employed in a new industrial undertaking. The Court held that the new factory established by the assessee was a distinct viable unit, separate from the existing business, and met the conditions for the exemption under section 80J. Emphasizing the promotion of industrial growth, the Court allowed the claim for relief based on the capital invested in the new industrial undertaking at Faridabad. Case-Laws Income Tax Fri, 01 Aug 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36604