Tax holiday relief u/s 80-J, Income Tax Act.

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....ant to the assessment year 1970-71 completed in October, 1972, tax holiday relief (section 80-J deduction) was allowed to the extent of Rs. 88,54,254, being 6% of the capital employed in a new industrial undertaking which was computed at Rs. 14,75,70,913. The capital computation was incorrect because the total value of the depreciable assets as on the first day of the computation period was taken ....