Forgot password
New User/ Regiser
⇒ Register to get Live Demo
1996 (6) TMI 12 - MADRAS HIGH COURT
Extract:
.......t also followed the decision of the Supreme Court in Sassoon J. David and Co. P. Ltd. v. CIT 1979 118 ITR 261. A similar view was also taken by this court in a matter like this in CIT v. Sri Ramavilas Service Ltd., 1995 211 ITR 763. In view of the foregoing decisions, we answer question No. 1 in the affirmative and against the Department. No costs.