1984 (7) TMI 3

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..... ction 256(1) of the Income-tax Act, 1961, for its opinion by the Income-tax Appellate Tribunal: " 1. Whether, on the facts and in the circumstances of the case, the appeal against the order of the Income-tax Officer giving effect to the directions given by the Appellate Assistant Commissioner is maintainable ? 2. Whether, on the facts and in the circumstances of the case, relief under section .....

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..... be proportionately granted if the new industrial undertaking functioned only for a part of the year. We find that courts have uniformly taken the view that the deduction under section 80J of the Income-tax Act is permissible regardless of the consideration whether the new industrial undertaking functions only for a part of the year or for the entire year. Once the new industrial undertaking funct .....

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