Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1984 (7) TMI HC This

  • Login
  • Referred In
  • Summary

Forgot password       New User/ Regiser

⇒ Register to get Live Demo



 

1984 (7) TMI 3 - HC - Income Tax

The High Court of Andhra Pradesh ruled in favor of the assessee on two questions referred by the Income-tax Appellate Tribunal. The first question was answered affirmatively based on a previous decision. The second question concerned the deduction under section 80J of the Income-tax Act for a new industrial undertaking that operated for only part of the year. The court held that the deduction is permissible regardless of the duration of operation, citing various precedents and a circular from the Central Board of Direct Taxes. The second question was also answered in favor of the assessee.

 

 

 

 

Quick Updates:Latest Updates