Case Laws Analysis Relied P.S. Veerappa v. CIT 1981 TaxPub(DT) 0743 (Mad-HC) Held no longer good law Asa John Devinathan & Anr. v. Additional CIT 1980 TaxPub(DT) 0634 (Mad-HC) Distinguished on Chhugamal Rajpal v. S.P. Chaliha & Ors. 1971 TaxPub(DT) 0314 (SC) Distinguished on CIT v. Burlop Dealers Ltd. 1971 TaxPub(DT) 0313 (SC) Applied on Jain Brors. & Ors. v. Union of India & Ors 1970 TaxPub(DT) 0246 (SC) Applied on Calcutta Discount Co. Ltd. v. Income Tax Officer & Anr. 1961 TaxPub(DT) 0130 (SC) SUBSCRIBE FOR FULL CONTENT The Tax Publishers1974 TaxPub(DT) 0106 (Mad-HC) : (1974) 097 ITR 0476M. Varadarajulu v. Income-Tax Officer, Hundi Circle II, Madras SUBSCRIBE FOR FULL CONTENT