Madras H.C : The question referred to us is covered by a judgment of this Court in this case of CIT vs. Sholinger Textiles Ltd. (1999) 240 ITR 908 (Mad), wherein, an identical question was considered by this Court and the answer was given by this Court against the Revenue

High Court Of Madras

CIT vs. Tamil Nadu Poultry Development Corporation Ltd.

Section 37(3A)

R. Jayasimha Babu & K. Gnanaprakasam, JJ.

T.C. No. 129 of 1993

14th June, 2001

Counsel Appeared

T. Ravikumar, for the Revenue : P.P.S. Janarthana Raja, Padmanabhan & Ramamani, for the Assessee

JUDGMENT

R. JAYASIMHA BABU, J. :

Counsel have agreed that the question referred to us is covered by a judgment of this Court in this case of CIT vs. Sholinger Textiles Ltd. (1999) 240 ITR 908 (Mad), wherein, an identical question was considered by this Court and the answer was given by this Court against the Revenue, and in favour of the assessee. The question referred to is answered in favour of the assessee.

[Citation : 254 ITR 360]