https://www.taxtmi.com/caselaws?id=57373 The Tribunal upheld the decision of the Commissioner (Appeals) that income of each unit must be computed separately for section 80J relief. It was held that profits for section 80J relief could be based on commercial profits prior to the amendment by section 80AB, in line with the decision in CIT v. Vegetable Products Ltd. The appeal by the revenue was dismissed, affirming that relief under section 80J should be calculated after debiting current depreciation but not other debits like investment allowance. en-us Wed, 28 Sep 1983 00:00:00 +0530 Thu, 09 Dec 2010 17:57:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57373 The Tribunal upheld the decision of the Commissioner (Appeals) that income of each unit must be computed separately for section 80J relief. It was held that profits for section 80J relief could be based on commercial profits prior to the amendment by section 80AB, in line with the decision in CIT v. Vegetable Products Ltd. The appeal by the revenue was dismissed, affirming that relief under section 80J should be calculated after debiting current depreciation but not other debits like investment allowance. Case-Laws Income Tax Wed, 28 Sep 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57373