2015 (8) TMI 1543

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....t by : None ORDER PER N.R.S.GANESAN, JUDICIAL MEMBER This appeal of the Revenue is directed against the order of the Commissioner of Income-tax (Appeals)-1, Coimbatore, dated 25.11.2014 and pertains to assessment year 2011-12 2. Notice of hearing was served on the assessee by RPAD. The Registry has placed on record the postal acknowledgement as a proof of service of notice on the assessee. Eve....

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.... the assessee, by following the judgment of the Madras High Court in Velayudhaswamy Spinning Mills Ltd. (supra), the CIT(A) allowed the claim of the assessee. 4. Having heard the ld. DR, we do not find any infirmity in the order of the lower authority in following the binding judgment of the Jurisdictional High Court. A mere pendency of SLP before the Apex Court cannot be a reason for not followi....