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TMI Blog2006 (11) TMI 195X X X X Extracts X X X X X X X X Extracts X X X X ..... ourt was delivered by P. D. Dinakaran J.- The above tax case is directed against the order of the Income-tax Appellate Tribunal made in I. T. A. No. 515/Mds/2000, dated April 16, 2003, with reference to the assessment year 1995-96. 2. The Revenue is the appellant. The assessee is a co-operative society and its main object is to procure raw silk and twisted silk and market the same to its members ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... id order of the Commissioner of Income-tax (Appeals), on appeal by the Revenue, was confirmed by the Tribunal. 3. Exasperated, the Revenue has preferred this appeal by raising the following substantial question of law : "Whether, on the facts and in the circumstances or the case, the Income-tax Appellate Tribunal was right in holding that the assessee co-operative society was entitled to deducti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 006, made in T. C. (A.) No. 1627 of 2005 (CIT v. Madurantakam Co-operative Sugar Mills Ltd., ChengaiAnnaDistrict) and in the judgment dated October 26, 2006, in T. C. (A.) No. 2451 of 2006 (CIT v. Attur Agricultural Producers Co-operative Marketing Society Ltd.). 4. In view of the above settled proposition of law, we hold that the respondent-co-operative society which is engaged in the marketing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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