https://www.taxtmi.com/caselaws?id=39386 The court allowed the writ petitions, making the rule nisi absolute. It held that the company is entitled to certificates under Section 197(3), and shareholders are entitled to relief under Section 80K based on the company's entitlement under Section 80J, regardless of actual relief absorption. The court emphasized that shareholders' entitlement under Section 80K is dependent on the company's entitlement under Section 80J. The petitioner was awarded costs in one writ petition, with no order as to costs in the remaining petitions. en-us Fri, 22 Nov 1974 00:00:00 +0530 Fri, 16 Apr 2010 11:24:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39386 The court allowed the writ petitions, making the rule nisi absolute. It held that the company is entitled to certificates under Section 197(3), and shareholders are entitled to relief under Section 80K based on the company's entitlement under Section 80J, regardless of actual relief absorption. The court emphasized that shareholders' entitlement under Section 80K is dependent on the company's entitlement under Section 80J. The petitioner was awarded costs in one writ petition, with no order as to costs in the remaining petitions. Case-Laws Income Tax Fri, 22 Nov 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39386