LAWS(MAD)-1998-4-99

YUVARAJ INTERNATIONAL Vs. COMMISSIONER OF INCOME TAX

Decided On April 20, 1998
YUVARAJ INTERNATIONAL Appellant
V/S
COMMISSIONER OF INCOME-TAX Respondents

JUDGEMENT

(1.) THE assessee--Yuvaraj International, Tirupur, is a manufacturer and exporter of hosiery clothes.

(2.) FOR the assessment year 1981-82, it filed a return admitting an income of Rs. 1,51,260.

(3.) ON the above facts, the Tribunal referred the questions of law as below for the opinion of this court for the assessment year 1981-82 ;