Case Laws Analysis Followed CIT v. Saurashtra Packaging (P) Ltd. 2003 TaxPub(DT) 0354 (Guj-HC) Distinguished P.V. Chandran v. CIT 2001 TaxPub(DT) 0715 (Ker-HC) Relied Saraswati Industrial Syndicate Ltd. v. CIT 1990 TaxPub(DT) 1328 (SC) Distinguished Paulson Constructions (Dissolved) v. CIT 1990 TaxPub(DT) 0509 (Ker-HC) Followed Girdharilal Bagadia v. CIT 1986 TaxPub(DT) 1412 (MP-HC) Distinguished Banswara Electric Supply Co. v. CIT 1986 TaxPub(DT) 0756 (Raj-HC) Applied CIT v. Minerals & Metals Trading Corpn. of India Ltd. 1986 TaxPub(DT) 0420 (Del-HC) Applied S. Venka Reddy v. Commissioner of Wealth Tax 1986 TaxPub(DT) 0365 (AP-HC) Distinguished Additional CIT v. Chandrakant D. Patel 1983 TaxPub(DT) 0170 (MP-HC) Distinguished CIT v. Narottamdas K. Nawab 1976 TaxPub(DT) 0507 (Guj-HC) Applied Motilal & Sons v. CIT 1975 TaxPub(DT) 0076 (All-HC) Explained K. Kunhi Mohammad Hajee v. State of Kerala & Anr. 1974 TaxPub(DT) 0060 (Ker-HC) Affirmed on CIT v. Hukumchand Mohanlal 1967 TaxPub(DT) 0287 (MP-HC) Followed on CIT v. James Anderson 1964 TaxPub(DT) 0257 (SC) Followed on CIT v. Amarchand N. Shroff 1963 TaxPub(DT) 0351 (SC) SUBSCRIBE FOR FULL CONTENT The Tax Publishers1971 TaxPub(DT) 0393 (SC) : (1971) 082 ITR 0624 : (1972) 001 CTR 0273Commissioner of Income-Tax, Madhya Pradesh v. Hukumchand Mohanlal.Civil Appeal No. 2421 of 1968, SUBSCRIBE FOR FULL CONTENT