2016 (11) TMI 209

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....havanantham ORDER ( Judgment of the Court was delivered by Anita Sumanth, J.) These Tax Case Appeals against the revenue, challenge the orders of Income Tax Appellate Tribunal passed in ITA No.529/Mds/2005 in respect of assessment year 2001-02, ITA No.3320/Mds/2004 in respect of assessment year 2003-04 and ITA No.2296/Mds/2005 in respect of assessment year 2001-02, dated 15.09.2006. 2.....

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....essee by the judgment of this Court in Commissioner of Income Tax Vs. Chemplast Sanmar Ltd, reported in (2009) 314 ITR 23, affirmed by the Honourable Supreme Court in the case reported in Commissioner of Income Tax Vs. Tulsyan Nec Ltd., reported in (2011) 330 ITR 226 (SC), wherein, the Honourable Supreme Court has specifically noted as follows; "The consequence of adopting the case of the....