India Medtronic P.Ltd, Mumbai vs Assessee on 31 December, 2015
Addressing the Departmental stand in the
earlier years, Ld Counsel for the assessee submitted that the CIT (A) allowed the
said ground in the AY 2007-2008 in favour of the assessee relying on the judgment
in the case of CIT vs. Oswal Agro Mills Ltd. (197 Taxman 25) (Delhi) and the decision
of the Tribunal in the case of Swaty Synthetics Ltd vs. ITO (38 SOT 208) (Mumbai
ITAT) and the Allied Photographics (supra).