(1.) These appeals by the Revenue are directed against the common order of the Income Tax Appellate Tribunal Madras 'B' Bench, dtd. 25/8/2006 in ITA Nos.86,87,52,53,95,96/Mds/2002, for the Assessment years 1999-2000, 2000-01, 1999-00, 2000-01, 1999-00, 2000-01 respectively and therefore, they are clubbed together on account of the common issues involved in this batch of cases.
(2.) Heard Mr.T.R.Senthil Kumar, learned Counsel for the Revenue and Mr.R.Sivaraman, the learned Counsel for the respondent.
(3.) All these Appeals have been admitted on 5/8/2008, on the following two Substantial Questions of Law: