LAWS(MAD)-2001-2-72

COMMISSIONER OF INCOME TAX Vs. ASHOK LEYLAND LIMITED

Decided On February 21, 2001
COMMISSIONER OF INCOME-TAX Appellant
V/S
ASHOK LEYLAND LTD. Respondents

JUDGEMENT

(1.) AT the instance of the Revenue, the following question has been referred to us, i.e.,

(2.) A question similar to this came up for consideration before the apex court in the case of Modi Industries Ltd. v. CIT [1995] 216 ITR 759, wherein it was held that (page 805):