Deduction u/s 80J - When the working of the unit or hotel or ship results in a loss, relief under section 80J will not be admissible for set off against positive income from any other source of income.

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....ecently to consider a case where a deduction in respect of profits of a new industrial undertaking was allowed under section 80J of the Income-tax Act, 1961 even though the unit's working showed a loss. This has resulted in an objection from Revenue Audit. The Board have accepted the objection. 2. Section 80J relief applies only when and to the extent the gross total income includes any profits a....