Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2002 (2) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2002 (2) TMI 43 - GUJARAT HIGH COURTNew Industrial Undertaking, Special Deduction - "Whether, on the facts and in the circumstances of the case, and in law, the Tribunal was right in coming to the conclusion that the relief under section 80J of the Income-tax Act, 1961, should be allowed from the total income which is not confined to the income of the (new) units?" - "Whether, on the facts and in the circumstances of the case, and in law, the Tribunal was right in coming to the conclusion that the relief under section 80J of the Income-tax Act should be allowed from the total income (which is not confined to the income) of the new units?" - we are of the view that the Tribunal has not committed any error while holding that the assessee was entitled to the relief under section 80J from the total income of the assessee. We, therefore, answer the question referred to us in both the references in the affirmative, i.e., in favour of the assessee and against the Revenue.
|