https://www.taxtmi.com/caselaws?id=55105 The Tribunal dismissed the Revenue's appeal against the computation of relief under s. 80J for the assessment year 1975-76. The Tribunal upheld the CIT(A)'s decision to allow the carry forward of relief for the assessee, based on interpretations from Allahabad and Madras High Courts, emphasizing that quantification in the initial assessment year is not mandatory if the industrial undertaking suffered a loss. Previous court decisions supported this approach, leading to the dismissal of the Revenue's appeal. en-us Thu, 01 Mar 1984 00:00:00 +0530 Wed, 24 Nov 2010 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55105 The Tribunal dismissed the Revenue's appeal against the computation of relief under s. 80J for the assessment year 1975-76. The Tribunal upheld the CIT(A)'s decision to allow the carry forward of relief for the assessee, based on interpretations from Allahabad and Madras High Courts, emphasizing that quantification in the initial assessment year is not mandatory if the industrial undertaking suffered a loss. Previous court decisions supported this approach, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Thu, 01 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55105