Case Name : Cit v. Laxmi metal industries
Citation : [1998] 100 taxman 619 (all.)
Court : Allahabad high court
Section : 80j
Meaning : The expression ‘and each of the four assessment years immediately succeeding the initial assessment year’ occurring in sub-section (2) of section 80j is to be construed in its plain and ordinary sense. When so construed, there is no room for ambiguity on a plain reading of those words.