Bharat Earth Movers vs Commissioner Of Income Tax, Karnataka on 9 August, 2000
In such circumstances, the
ratio laid down by Supreme Court in the case of Bharat Earth
Movers Vs. CIT (supra) is directly applicable to the facts of the
present case. Accordingly, we have no hesitation in confirming the
order of the CIT(Appeals) on this issue. Hence, this ground of
Revenue stands dismissed."