https://www.taxtmi.com/caselaws?id=61258 Full-year relief under section 80J was allowed where the industrial undertaking was set up during the accounting period, as the prevailing precedent supported allowance for the whole year and not merely on a prorata basis for the period of actual operation. The assessee was also entitled to carry forward the loss despite delayed filing of the return, because the authority applied the settled approach that where conflicting judicial views exist, the interpretation favourable to the assessee should be preferred. Both revenue objections failed, and the appellate relief was sustained. en-us Wed, 20 Jul 1983 00:00:00 +0530 Wed, 12 Jan 2011 10:11:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61258 Full-year relief under section 80J was allowed where the industrial undertaking was set up during the accounting period, as the prevailing precedent supported allowance for the whole year and not merely on a prorata basis for the period of actual operation. The assessee was also entitled to carry forward the loss despite delayed filing of the return, because the authority applied the settled approach that where conflicting judicial views exist, the interpretation favourable to the assessee should be preferred. Both revenue objections failed, and the appellate relief was sustained. Case-Laws Income Tax Wed, 20 Jul 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61258