2019 (6) TMI 251

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....Adv. ORDER The Court : No statement of case has been drawn up and sent by the tribunal. The questions in the order dated 23rd December, 2008 are treated as the statement of case. Two questions of law were formulated by this Court by its order dated 23rd December, 2008 for the purpose of drawing up a statement of case by the tribunal : 1. Whether on the facts and in the circumstances of the....

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....g on the Supreme Court decision in the case of Madras Industrial Investment Corporation Ltd. Versus CIT reported in [1997] 225 ITR 802 answered the question in favour of the assessee. Question No. 2 was also answered in favour of the assessee by relying on another Supreme Court decision in the case of CIT Versus P. J. Chemicals Ltd. reported in [1994] 210 ITR 830. Both learned Counsel agree th....