2018 (9) TMI 73

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....tanding Counsel For Respondent : Mr.R.Venkata Narayanan, for M/s.Subbaraya Aiyar &  Padmanaban JUDGMENT [ Delivered by T. S. Sivagnanam, J. ] Heard Mr.T.R.Senthil Kumar, learned Senior Standing Counsel assisted by M/s.K.G.Usha Rani, learned Junior Standing Counsel for the appellant/Revenue; and Mr.R.Venkata Narayanan, learned counsel for the respondent/assessee. 2.This tax case appeal, b....

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.... the judgment of this Court in the case of The Principal Commissioner of Income Tax-1, Coimbatore vs. M/s.Sakthi Sugars Ltd. [Tax Case Appal No.621 of 2017; Dated 13.12.2017], where identical questions were considered and the appeal filed by the Revenue was dismissed. The judgment dated 13.12.2017, reads as follows:- "Mr.R.Venkatanarayanan, learned counsel accepts notice on behalf of the respond....

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....t year 2008-09. 4. When this matter came up for hearing on 08.12.2017, we posed a question to the learned Senior Standing Counsel for the Revenue as to whether the Department accepted the earlier decision of the Tribunal in the assessee's own case for the assessment year 2008-09. The learned Senior Standing Counsel sought for an adjournment to verify the facts. Today, when the case is taken ....