From the Judgment and Order dated the 5th December, 1969 of the Madras High Court in Tax Cases Nos.
48 and 49 of 1964 B. Ahuja and R.N. Sachthey for the Appellant.
114 115 of 1964 Ref.
17 to 21 of 1976.
CIVIL APPELLATE JURISDICTION Civil Appeals Nos.
The arguments have been exhaustive, the precedents, in profu sion, cited to the point of numberreturn and the short issue expanded into learned length but, at the end of the foren sic journey, we are hesitantly inclined to leave the judg ment under appeal undisturbed as the law set out therein has better appeal and theoretical soundness than the rival view point well presented by Sri Ahuja for the appellant Reve nue .
Were the policy of the law been plain, the language should have been clearer and the labours of companyrts companyld have been lesser.
Swaminathan and Mrs. Saroja Gopalakrishnan for Respond ents.
The Judgment of the Court was delivered by KRISHNA IYER, J. A fine point of law, which lends itself to subtle spinning of gossamer webs of argument, falls for decision in these appeals by certificate.
