https://www.taxtmi.com/caselaws?id=60559 The Tribunal allowed the appeals in favor of the assessee, overturning the CIT(A)'s decision to disallow the claim under section 80J for the assessment years 1981-82 and 1982-83. The Tribunal found that the assessee had successfully established a new industrial undertaking for pharmaceutical formulations, meeting the requirements for the deduction under section 80J. Previous favorable findings for the assessee in earlier years were highlighted, emphasizing the distinct nature of the new unit. The CIT(A) was deemed unjustified in rejecting the claim, and the assessee was granted the deduction under section 80J. en-us Wed, 25 Nov 1987 00:00:00 +0530 Wed, 05 Jan 2011 18:36:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60559 The Tribunal allowed the appeals in favor of the assessee, overturning the CIT(A)'s decision to disallow the claim under section 80J for the assessment years 1981-82 and 1982-83. The Tribunal found that the assessee had successfully established a new industrial undertaking for pharmaceutical formulations, meeting the requirements for the deduction under section 80J. Previous favorable findings for the assessee in earlier years were highlighted, emphasizing the distinct nature of the new unit. The CIT(A) was deemed unjustified in rejecting the claim, and the assessee was granted the deduction under section 80J. Case-Laws Income Tax Wed, 25 Nov 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60559