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TMI Blog1987 (8) TMI 51X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 in OJC No. 1031 of 1980 got the deduction for the ass ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o 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 were filed in the years 1980 and 1981, different High C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eme Court, the petitioners are not entitled to any relief as prayed for in the writ applications. The other questions relating to non-maintainability of the writ applications raised by the Revenue are not required to be considered which would be of academic interest only. In the result, the writ applications are dismissed. There shall be no order as to costs. H. L. AGRAWAL C.J.-I agree. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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