2015 (12) TMI 1551

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....P. Radhakrishnan, JCIT Respondent by: None    O R D E R PER N.R.S.GANESAN, JUDICIAL MEMBER This appeal of the Revenue is directed against the order of the Commissioner of Income-tax (Appeals)-1, Coimbatore, dated 7.5.2015 and pertains to assessment year 2011-12. 2. Notice of hearing was served on the assessee through Departmental Representative. The ld. DR has filed the co....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he ld. DR and also perused the material available on record. The CIT(A) allowed the claim of the assessee for deduction u/s 80IA by following the binding judgment of the Madras High Court in Velayudhaswamy Spinning Mills (P) Ltd. (supra). This Tribunal is of the considered opinion that mere pendency of SLP before the Apex Court cannot be a reason for not following the judgment of the jurisdictiona....