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1979 (10) TMI 62 - HC - Income TaxExtract: .......ame view has also been taken by us in CIT. v. Vasantha Mills Ltd. (T.C. Nos. 614, of 1975 and 26 of 1976) in the judgment dated 7th August, 1979 since reported in 1979 120 ITR 321 (Mad). The question referred is, accordingly answered in the affirmative and in favour of the assessee. The assessee will be entitled to his costs. Counsel s fee Rs. 500.
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