COMMR.OF INCOME TAX,CHENNAI vs M/S MODERN ENGINEERS CONST.CO-OP.STY LTD

The Supreme Court remitted the matter to the Tribunal for de novo consideration, emphasizing adherence to the legal principles established in Ponni Sugars and Chemicals Limited. The Court clarified that all contentions of the parties remain open for consideration. The civil appeal was disposed of without any order as to costs, indicating a non-adversarial resolution.