1987 (8) TMI 51

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....hree limited companies whose profits and gains are derived from their industrial undertakings claim deduction under section 80J of the Income-tax Act, 1961, from such profits and gains of a percentage on the capital employed in the said industrial undertakings. As common questions are involved, the writ applications were heard together and are disposed of by this common judgment. Petitioner ....

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....er. Similarly, the petitioner prayed for a direction to the Income-tax Officer to dispose of the assessments in respect of the four assessment years 1978-79 to 1981-82 by interpreting section 80J in its favour. In OJC No. 2855 of 1981, the petitioner has prayed for quashing the assessments in respect of the assessment years 1973-74, 1974-75 and 1975-76. At the time when the writ applications....