Case Laws Analysis Supported in CIT v. Biocon Ltd. 2020 TaxPub(DT) 4924 (Karn-HC) Relied on CIT v. AMCO Power Systems Ltd. 2015 TaxPub(DT) 4275 (Karn-HC) Relied CIT v. Kerala State Cashew Development Corporation Ltd. 2006 TaxPub(DT) 1500 (Ker-HC) Applied CIT v. Mahalakshmi Sugar Mills Co. Ltd. 2001 TaxPub(DT) 0844 (Del-HC) Relied Navjivan Udyog Mandir (P) Ltd. v. CIT 1994 TaxPub(DT) 1011 (Guj-HC) Relied Gujarat Steel Tubes Ltd. v. CIT 1994 TaxPub(DT) 0753 (Guj-HC) Relied CIT v. Society of The Sisters of St. Anne 1984 TaxPub(DT) 0734 (Karn-HC) Applied CIT v. Marikar (Motors) Ltd. 1981 TaxPub(DT) 0811 (Ker-HC) Relied CIT v. Roberts Mclean & Co. Ltd. 1978 TaxPub(DT) 0338 (Cal-HC) Applied CIT v. Provincial Farmers (P) Ltd. 1977 TaxPub(DT) 0957 (Cal-HC) Relied CIT v. New Central Jute Mills Co. Ltd. 1976 TaxPub(DT) 0335 (Cal-HC) Relied Tata Iron & Steel Co. Ltd. v. D.V. Bapat, Income Tax Officer & Anr. 1975 TaxPub(DT) 0321 (Bom-HC) Applied CIT v. Bijoy Kumar Das 1972 TaxPub(DT) 0279 (Ori-HC) Applied CIT v. Swadeshi Cotton & Flour Mills (P) Ltd. 1964 TaxPub(DT) 0325 (SC) Applied Andrew Yule & Co. Ltd. v. CIT 1963 TaxPub(DT) 0170 (Cal-HC) Distinguished Indermani Jatia v. CIT 1959 TaxPub(DT) 0077 (SC) Applied P.C. Ray & Co. (India) (P) Ltd. v. A.C. Mukherjee, Income Tax Officer & Anr. 1959 TaxPub(DT) 0037 (Cal-HC) Distinguished Bhopal Textiles Ltd. v. CIT 1956 TaxPub(DT) 0019 (Nag-HC) Distinguished on Kanwalnen Hamir Singh v. CIT 1938 TaxPub(DT) 0073 (All-HC) SUBSCRIBE FOR FULL CONTENT The Tax PublishersCivil Appeal No. 151 of 19511953 TaxPub(DT) 0046 (SC) : (1953) 023 ITR 0230Keshav Mills Ltd. v. Commissioner of Income-Tax, Bombay SUBSCRIBE FOR FULL CONTENT