1991 (4) TMI 76 - HC - Income Tax

Summary

The High Court of Punjab and Haryana ruled in favor of the assessee regarding the deduction under section 80J for assessment years 1974-75 and 1975-76. The court cited previous judgments and concluded that the deductions were not includible in income for income-tax assessment. The reference was disposed of with no order as to costs. (Case citation: 1991 (4) TMI 76 - PUNJAB AND HARYANA High Court)