https://www.taxtmi.com/caselaws?id=38219 The court ruled in favor of the assessee, holding that profits from the cold storage business should be included in total income for all purposes, including the application of section 80J of the Income-tax Act, 1961. The court rejected the revenue's argument to treat profits as losses for section 80J purposes, emphasizing that such an interpretation was not supported by the law. The court clarified that there was no provision in section 80J to allow the revenue's proposed re-adjustment of losses, depreciation, and development rebate. en-us Thu, 28 Oct 1976 00:00:00 +0530 Sat, 03 Apr 2010 18:34:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38219 The court ruled in favor of the assessee, holding that profits from the cold storage business should be included in total income for all purposes, including the application of section 80J of the Income-tax Act, 1961. The court rejected the revenue's argument to treat profits as losses for section 80J purposes, emphasizing that such an interpretation was not supported by the law. The court clarified that there was no provision in section 80J to allow the revenue's proposed re-adjustment of losses, depreciation, and development rebate. Case-Laws Income Tax Thu, 28 Oct 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38219