2000 (2) TMI 71

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....ncome-tax Appellate Tribunal has referred the following two questions for our opinion arising out of ITA Nos. 652 and 653/Ahd of 1983, in relation to the assessment years 1978-79 and 1979-80: "1. Whether, on the facts and in the circumstances of the case, the finding of the Appellate Tribunal that the assessee is entitled to carry forward the claim of relief under section 80J of the Income-tax ....

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.... income. He, therefore, claimed carry forward of the same. This claim was rejected by the Commissioner of Income-tax (Appeals). The matter was carried in appeal before the Tribunal which found that the assessee is a new industrial unit and in the assessment years 1974-75 to 1975-76, no claim was made by the assessee for relief under section 80J. The reason for not claiming the relief as given b....