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1977 (4) TMI 21 - MADRAS HIGH COURTExtract: .......ecisions of this court in Commissioner of Income-tax v. L. M. Van Moppes Diamond Tools (India) Ltd. 1977 107 ITR 386 (Mad) and in Commissioner of Income-tax v. Lucas-TVS Ltd. (No. 2) 1977 110 ITR 346 (Mad) to which one of us was a party. Following the said decisions, we answer the question in the affirmative and in favour of the assessee. No costs.
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