1989 (4) TMI 71 - HC - Income Tax

Summary

The High Court of Punjab and Haryana ruled that deduction under section 80J of the Income-tax Act is admissible for the entire year, even if the business was conducted for only 24 days during the relevant assessment year. The decision was based on a previous judgment and was in favor of the assessee. (Case citation: 1989 (4) TMI 71 - PUNJAB AND HARYANA High Court)