LAWS(MAD)-2010-11-77

ISKRAEMECO REGENT LIMITED Vs. COMMISSIONER OF INCOME TAX

Decided On November 23, 2010
ISKRAEMECO REGENT LIMITED Appellant
V/S
COMMISSIONER OF INCOME TAX Respondents

JUDGEMENT

(1.) This appeal has been preferred by the assessee, challenging the order of the Income Tax Appellate Tribunal, "B" Bench, Chennai, dated 26.03.2010, in ITA No.1901/Mds/2009 for the assessment year 2001-02, confirming the order passed by the Commissioner of Income Tax (Appeals) which in turn has confirmed the order of the Assessing Officer by raising the following substantial questions of law:

(2.) Facts in brief:-

(3.) Heard Shri.N.K.Poddar, learned Senior Counsel for Shri.P.Rajkumar appearing for the appellant / assesee and Shri.K.Subramaniam, learned Senior Standing Counsel appearing for the respondent / revenue.