IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH I.T.R. No. 39 of 1998 DATE OF DECISION: 23.7.2007 The Commissioner of Income-tax, Jalandhar …Applicant Versus M/s New India Rubber and Chemical Industries, Jalandhar …Respondent CORAM: HON’BLE MR. JUSTICE M.M. KUMAR HON’BLE MR. JUSTICE AJAY KUMAR MITTAL Present: Mr. Sanjiv Bansal, Advocate, for the applicant-revenue. M.M. KUMAR, J. For orders see I.T.R. No. 1 of 1998 (The Commissioner of Income-tax, Jalandhar v. M/s New India Rubber and Chemical Industries, Jalandhar). (M.M. KUMAR) JUDGE (AJAY KUMAR MITTAL) July 23, 2007 JUDGE Pkapoor