2009 (12) TMI 958

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.... 880 of 2009 Tax Case (Appeal) No. 1097 of 2009 - -<br>Income Tax<br>K. RAVIRAJA PANDIAN and M. M. SUNDRESH JJ. T. Ravikumar, for the Appellant J. Balachandar,&nbsp;&nbsp; K. Ravi,&nbsp;&nbsp; N. Muthukumar for&nbsp;&nbsp; Dr. Anitha Sumanth, for the Respondents JUDGMENT K.Raviraja Pandian,J.- These tax case appeals are filed at the instance of the Revenue formulating the following ....

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....) has been rendered by this Court on 10th Sept., 2007, whereas the Bombay High Court judgment has been rendered on 7th May, 2009 [The Bombay High Court judgment is CIT vs. Ajanta Pharma Ltd. &nbsp;(2009) 223 CTR (Bom)]. Whatever may be the reasoning given by the Bombay High Court, this Court has followed the decision of the Supreme Court in Surana Steels (P) Ltd. vs. Dy. CIT (1999) 237 ITR 777(SC)....