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TMI Blog2015 (12) TMI 1551X X X X Extracts X X X X X X X X Extracts X X X X ..... adras High Court in Velayudhaswamy Spinning Mills (P) Ltd. (2010 (3) TMI 860 - Madras High Court ). This Tribunal is of the considered opinion that mere pendency of SLP before the Apex Court cannot be a reason for not following the judgment of the jurisdictional High Court. In other words, the judgment of the jurisdictional High Court is binding on all authorities in the States of Tamilnadu and Po ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... merit. 3. Shri P Radhakrishnan, ld. DR submitted that the only issue arises for consideration is deduction u/s 80IA of the Act in respect of windmill. The CIT(A), by following the judgment of the Madras High Court in the case of Velayudhaswsamy Spinning Mills (P) Ltd vs ACIT, 231 CTR 368, allowed the claim of the assessee. According to the ld. DR, the Revenue has filed SLP against the judgment o ..... X X X X Extracts X X X X X X X X Extracts X X X X
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