Case Laws Analysis Followed CIT v. Karnataka Bank Ltd. 2014 TaxPub(DT) 4090 (Karn-HC) Followed CIT v. Excel Industries Ltd. 2013 TaxPub(DT) 2414 (SC) Followed Faridabad Investment Co. Ltd. v. CIT 2012 TaxPub(DT) 0094 (Cal-HC) Relied CIT v. Kelvinator of India Ltd. 2010 TaxPub(DT) 1335 (SC) Followed Liberty India v. CIT 2009 TaxPub(DT) 2027 (SC) Followed State Bank of Indore v. CIT 2005 TaxPub(DT) 0764 (MP-HC) SUBSCRIBE FOR FULL CONTENT The Tax Publishers2015 TaxPub(DT) 2142 (Guj-HC) : (2015) 230 TAXMAN 0596 SUBSCRIBE FOR FULL CONTENT