2016 (12) TMI 1874

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..... 2015 (11) TMI 301 - DELHI HIGH COURT] has not applied the law correctly - HELD THAT:- The judgment in Commissioner of Income Tax Vs. Havells India Limited [ 2012 (5) TMI 449 - DELHI HIGH COURT] was considered specifically in Oswal Agro s case [ 2015 (11) TMI 301 - DELHI HIGH COURT] i.e. decided on 04.08.2015. Havells case (supra) had taken note of the various judgments including Punjab State s .....

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..... nds that the assessee/Revenue fell into error inasmuch as even though took note of the decision of this Court for the previous year (ITA No.107/2013 decided on 18.08.2015) to the extent it relied on CIT Vs. Oswal Agro Mills Limited has not applied the law correctly. In this regard, learned counsel relied upon the judgment of the Supreme Court in Punjab State Industrial Development Corporation Ltd. .....

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