2015 (2) TMI 1416

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..... the Appellant : Mr. Venkat Narayanan for M/s. Subbaraya Aiyar For the Respondent : Mr. M. Swaminathan Standing Counsel JUDGMENT (R. SUDHAKAR, J.) The assessee has filed these appeals assailing the order of the Income Tax Appellate Tribunal 'A' Bench, Chennai, dated 2.6.2006 made in I.T.A. Nos. 1495 and 1496/Mds/2003 for the assessment years 1997-1998 and 1998-1999 and the same were a .....

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..... Technologies Ltd. v. Joint Commissioner of Income Tax, (2010) 320 ITR 577 (SC) and answered similar questions of law against the assessee and in favour of the Revenue. 3. In Sundaram Finance Ltd. v. Assistant Commissioner of Income Tax, (2012) 349 ITR 356 (SC), the Supreme Court reiterated the principles laid down in Southern Technologies Ltd. case, referred supra, and held that an assessee is n .....

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