1989 (2) TMI 49

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..... , 1961, and it pertains to the assessment year 1975-76. On February 27, 1975, the assessee, Kansal Hosiery Works, started branch under the name of Kansal Hosiery Mills, Ludhiana (Woollen Mill Unit). The question then arose whether relief under section 80J of the Income-tax Act, 1961 (hereinafter referred to as "the Act"), would be available to the assessee in respect of this new industrial under .....

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..... our decision in Income-tax Reference No. 140 of 1979 (CIT v. Bhushan Industrial Co. (P.) Ltd. [1989] 177 ITR 11), decided on November 16, 1988, and Circular No. 378 of March 3, 1984, issued by the Board of Revenue mentioned therein, where it was held that such relief under section 80J of the Act must be granted to the assessee for the whole year and not for part of the year only in proportion to w .....

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