2018 (7) TMI 1845

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.... M/s.K.G.Usha Rani, Junior Standing Counsel For Respondent : Mr.R.Venkat Narayanan for M/s.Subbaraya Aiyar & Padmanabhan JUDGMENT T.S. Sivagnanam, Heard Mr.T.R.Senthil Kumar, learned Senior Standing Counsel assisted by Ms..K.G.Usha Rani learned Junior Standing Counsel for the Revenue and Mr.R.Venkat Narayanan, learned counsel appearing for the respondent. 2. This  appeal by the....

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....n under section BOHHC  while applying the Special provisions of section  115 JA /JB of the Income Tax Act for the assessment year 1999-2000?" 4. The Tribunal decided the matter in favour of the assessee  and in doing so, relied upon the decision of the Special Bench of the Mumbai Tribunal in the case of DCIT v. Syncome Formulations (I) Ltd. and others   reported in 292 ....

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....devoid of merits.   6. Thus, the decision of the Hon'ble Supreme Court  in  Ajanta Pharma Ltd. (cited supra)  applies to the case on hand,  as identical  question has been framed for consideration.  Further, we note that  the decision of the  said fact in Syncome Formulations (I) Ltd. (cited supra)  was considered by the Hon'ble Sup....