Case Laws Analysis Relied on Bharat K. Sheth v. DCIT 2020 TaxPub(DT) 5493 (Mum-Trib) Relied on Investment Ltd. v. CIT 1970 TaxPub(DT) 0356 (SC) Relied on V. S. R. M. Firm v. CIT 1963 TaxPub(DT) 0099 (Mad-HC) Followed on Inderchand Hari Ram v. CIT 1953 TaxPub(DT) 0072 (All-HC) SUBSCRIBE FOR FULL CONTENT The Tax Publishers1972 TaxPub(DT) 0089 (Bom-HC) : (1972) 083 ITR 0001Karsondas Ranchhoddass (Legal Heir of Ranchhoddas Jethabhai - Deceased) v. Commissioner of Income-Tax, Bombay.Income-tax Reference No. 30 of 1963, SUBSCRIBE FOR FULL CONTENT