2007 (7) TMI 666

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....APPEAL No. 265 of 1999 - -<br>Income Tax<br>THE CHIEF JUSTICE Y.R.MEENA AND MR.JUSTICE AKIL KURESHI MR KM PARIKH FOR THE APPELLANT MR JP SHAH FOR THE RESPONDENT ORAL ORDER Heard learned c....

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.... that now the issue is covered by the decision of Their Lordships in the case of CIT v. Lakshmi Machine Works reported in (2007) 290 ITR 667 (SC). The issue has been decided in favour of the assessee ....