https://www.taxtmi.com/caselaws?id=36901 The High Court upheld the Tribunal's decision, allowing the company's claim for deduction under section 80J for previous assessment years in the current assessment year, emphasizing the incentive nature of the provision and the possibility of carry forward even in cases of losses in preceding years. The Court ruled in favor of the assessee, stating that quantification of relief in relevant assessment years was not a statutory requirement, directing verification of details and awarding costs to the assessee. en-us Tue, 01 Apr 1980 00:00:00 +0530 Thu, 25 Mar 2010 12:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36901 The High Court upheld the Tribunal's decision, allowing the company's claim for deduction under section 80J for previous assessment years in the current assessment year, emphasizing the incentive nature of the provision and the possibility of carry forward even in cases of losses in preceding years. The Court ruled in favor of the assessee, stating that quantification of relief in relevant assessment years was not a statutory requirement, directing verification of details and awarding costs to the assessee. Case-Laws Income Tax Tue, 01 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36901