LAWS(MAD)-2007-11-373

COMMISSIONER OF INCOME TAX Vs. SHAKTHI KNITTING LIMITED

Decided On November 21, 2007
COMMISSIONER OF INCOME TAX Appellant
V/S
SHAKTHI KNITTING LIMITED NO.64 Respondents

JUDGEMENT

(1.) THE appeal is filed against the order of the Income Tax Appellate Tribunal Madras 'c' Bench dated 16. 3. 2007 made in I. T. A. No. 1375/mds/2005 for the assessment year 2001-2002.

(2.) THE brief facts of the case as culled out from the statement of facts stated in the memorandum of appeal are as follows:

(3.) WE heard the argument of the learned counsel appearing for the revenue and perused the materials on record.