2009 (12) TMI 958

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... DIAN and M. M. SUNDRESH JJ. T. Ravikumar, for the Appellant J. Balachandar, K. Ravi, N. Muthukumar for Dr. Anitha Sumanth, for the Respondents JUDGMENT K.Raviraja Pandian,J.- These tax case appeals are filed at the instance of the Revenue formulating the following question of law Whether, on the facts and in the circumstances of the case, the Tribunal was righ .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 7th May, 2009 [The Bombay High Court judgment is CIT vs. Ajanta Pharma Ltd. (2009) 223 CTR (Bom)]. Whatever may be the reasoning given by the Bombay High Court, this Court has followed the decision of the Supreme Court in Surana Steels (P) Ltd. vs. Dy. CIT (1999) 237 ITR 777(SC) and also the judgment of the Supreme Court in Apollo Tyres Ltd. vs. CIT ((2002) 255 ITR 273(SC). The decision of our H .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X