https://www.taxtmi.com/caselaws?id=58130 Section 80J relief was treated as available even where no formal claim had been made in the earlier assessment year, provided the undertaking's eligibility and loss position were otherwise verified. The Tribunal noted that the provision is an incentive measure and does not require a claim in the relevant year as a condition precedent to carry forward the deduction. On that basis, omission to consider the claim earlier was treated as a mistake apparent from the record, and rectification under section 154 was upheld. The departmental challenge therefore failed, and allowance of the deduction was sustained. en-us Thu, 29 Jan 1981 00:00:00 +0530 Fri, 17 Dec 2010 15:07:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58130 Section 80J relief was treated as available even where no formal claim had been made in the earlier assessment year, provided the undertaking's eligibility and loss position were otherwise verified. The Tribunal noted that the provision is an incentive measure and does not require a claim in the relevant year as a condition precedent to carry forward the deduction. On that basis, omission to consider the claim earlier was treated as a mistake apparent from the record, and rectification under section 154 was upheld. The departmental challenge therefore failed, and allowance of the deduction was sustained. Case-Laws Income Tax Thu, 29 Jan 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58130