LAWS(MAD)-2002-7-39

COMMISSIONER OF INCOME TAX Vs. MADRAS FERTILIZERS LTD

Decided On July 10, 2002
COMMISSIONER OF INCOME TAX Appellant
V/S
Madras Fertilizers Ltd Respondents

JUDGEMENT

(1.) THE common question referred to us is as follows :

(2.) THE learned senior standing counsel appearing on behalf of the department very fairly states that the question is covered against the revenue by the decision in CIT v. Gwalior Rayon Silk Mfg. Co. Ltd. : [1992]196ITR149(SC) .