2008 (9) TMI 109

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..... yes – in view of decision of SC in CIT, Madurai Vs. Saravana Spinning Mills (P.) Ltd., question is answered in favour of the assessee, and the appeal of revenue is dismissed. - 102 of 2006 - - - Dated:- 24-9-2008 - HON'BLE SHRI N P GUPTA,J. and HON'BLE SHRI KISHAN SWAROOP CHAUDHARI,J. Mr. K.K. Bissa, for the appellant/petitioner Mr. Ramit Mehta for Mr. L.R. Mehta, for the respondent .....

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..... case is squarely covered by the judgment of the Hon'ble Supreme Court in Commissioner of Income Tax, Madurai Vs. Saravana Spinning Mills (P.) Ltd. reported in (2007) 7 SCC-298 in favour of the assessee. In that view of the matter, following the said judgment of the Hon'ble Supreme Court the question is answered against the Revenue, and in favour of the assessee, and the appeal is dismissed. .....

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