1992 (6) TMI 17 - HC - Income Tax

Summary

The High Court of Kerala held that the Income-tax Officer was not justified in cutting down the relief under section 80J of the Income-tax Act proportionate to the number of days worked in the accounting year. The decision was based on precedents and a circular from the Central Board of Direct Taxes. The court ruled in favor of the assessee. The judgment will be forwarded to the Income-tax Appellate Tribunal, Cochin Bench.