The Madras and Kerala High Courts have taken the view that they are entitled to the said benefit while the Karnataka High Court has held to the companytrary.
If number, they will be liable to pay tax 10.
If they are so entitled, they can purchase the raw material required by them at the companycessional rate of 4.
3439 of 1992 preferred by Indian Express Madurai Ltd. and CA No.
2494 of 1993 preferred by M s Kasturi Sons Ltd. have been preferred.
