2012 (5) TMI 867 - ITAT CHENNAI

Extract:
....... and Sons (India) Ltd. v. CIT (224 ITR 342). 16. Respectfully following the Tribunal s order dated 24.06.2011, we decide this issue in favour of the assessee. The grounds of appeal of the Revenue on this issue are dismissed. 17. In the result, the appeal of the Revenue is partly allowed. Order pronounced on Tuesday, the 8th of May, 2012 at Chennai.