https://www.taxtmi.com/caselaws?id=55194 The Tribunal upheld the Commissioner's decision to disallow the deduction under section 80J for the current year due to the loss in the new industrial unit. However, the Tribunal allowed the amount to be carried forward for future years in accordance with section 80J(3). The appeal was partly allowed, confirming the disallowance of the deduction for the current year but permitting the deduction to be carried forward for subsequent years as per the Income-tax Act. en-us Fri, 09 Sep 1988 00:00:00 +0530 Wed, 24 Nov 2010 14:19:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55194 The Tribunal upheld the Commissioner's decision to disallow the deduction under section 80J for the current year due to the loss in the new industrial unit. However, the Tribunal allowed the amount to be carried forward for future years in accordance with section 80J(3). The appeal was partly allowed, confirming the disallowance of the deduction for the current year but permitting the deduction to be carried forward for subsequent years as per the Income-tax Act. Case-Laws Income Tax Fri, 09 Sep 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55194