https://www.taxtmi.com/caselaws?id=59998 The Tribunal partly allowed the appeal, upholding the denial of relief under section 80J for a new industrial unit due to lack of taxable profit. The Tribunal emphasized strict compliance with legislative conditions for relief and prioritized judicial interpretations over circular provisions. However, the claim for investment allowance under amended law was allowed, directing further examination by the ITO. en-us Tue, 11 Nov 1986 00:00:00 +0530 Mon, 03 Jan 2011 12:10:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59998 The Tribunal partly allowed the appeal, upholding the denial of relief under section 80J for a new industrial unit due to lack of taxable profit. The Tribunal emphasized strict compliance with legislative conditions for relief and prioritized judicial interpretations over circular provisions. However, the claim for investment allowance under amended law was allowed, directing further examination by the ITO. Case-Laws Income Tax Tue, 11 Nov 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59998