Case Laws Analysis Followed on Muller & Philpps (India) Ltd. v. ITO 2015 TaxPub(DT) 4979 (Mum-Trib) Relied Swaraj Engine Ltd. v. Assistant CIT & Anr. 2003 TaxPub(DT) 0409 (P&H-HC) Relied Phool Chand Bajrang Lal & Anr. v. Income Tax Officer & Anr. 1993 TaxPub(DT) 1453 (SC) Relied Ganga Saran & Sons (P) Ltd. v. Income Tax Officer & Ors. 1981 TaxPub(DT) 0952 (SC) Relied Kalyanji Mavji & Co. v. CIT 1976 TaxPub(DT) 0609 (SC) Relied Calcutta Discount Co. Ltd. v. Income Tax Officer & Anr. 1961 TaxPub(DT) 0130 (SC) SUBSCRIBE FOR FULL CONTENT The Tax PublishersITR No. 11 of 19912008 TaxPub(DT) 0378 (P&H-HC) : (2008) 024 (I) ITCL 0521 : (2008) 305 ITR 0161CIT v. Rajindra Rosin & Turpentine Industries SUBSCRIBE FOR FULL CONTENT