https://www.taxtmi.com/caselaws?id=57389 The claim of relief under section 80J for a new industrial undertaking was disallowed as the additions were considered part of the existing business, not a new undertaking. Initial depreciation on electrical fittings and water tank was allowed as they were considered 'plant.' The development rebate for machinery installed was granted at a higher rate as wire rods produced qualified. Weighted deductions for certain expenses were disallowed based on legal precedents. The Tribunal partially allowed one appeal and dismissed others for different assessment years based on specific issues and disallowances. en-us Mon, 30 Apr 1984 00:00:00 +0530 Thu, 09 Dec 2010 18:32:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57389 The claim of relief under section 80J for a new industrial undertaking was disallowed as the additions were considered part of the existing business, not a new undertaking. Initial depreciation on electrical fittings and water tank was allowed as they were considered 'plant.' The development rebate for machinery installed was granted at a higher rate as wire rods produced qualified. Weighted deductions for certain expenses were disallowed based on legal precedents. The Tribunal partially allowed one appeal and dismissed others for different assessment years based on specific issues and disallowances. Case-Laws Income Tax Mon, 30 Apr 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57389