1998 (4) TMI 67 - MADRAS HIGH COURT

Extract:
.......n of an amount equal to twenty per cent. in the process of computation of the profits and gains of the said industrial undertaking and this part of the question is, therefore, answered against the assessee. The tax case (reference) is thus disposed of. There shall, however, be no order as to costs, on the facts and in the circumstances of the case.