Case Laws Analysis Followed on Rayala Corporation (P) Ltd. v. Asstt. CIT 2020 TaxPub(DT) 1870 (Mad-HC) Relied on Dy. CIT v. Magnus Properties (P) Ltd. 2018 TaxPub(DT) 7087 (Mum-Trib) Relied on Sun Enterprise v. ITO 2018 TaxPub(DT) 4639 (Mum-Trib) Referred on Tulsi Shipping (P) Ltd. v. ITO 2018 TaxPub(DT) 2290 (Mum-Trib) Referred on Knight Raj Properties (P) Ltd. v. ITO 2018 TaxPub(DT) 1518 (Mum-Trib) Followed on Oberoi Investments (P) Ltd. v. Asstt. CIT 2017 TaxPub(DT) 4761 (Kol-Trib) Relied on Bharathi Ware Housing Corporation v. CIT 2017 TaxPub(DT) 0071 (Visakhapatnam-Trib) Followed Chennai Properties & Investments Ltd. v. CIT 2015 TaxPub(DT) 2180 (SC) Applied Narayanan Chettiar Industries v. Income Tax Officer 2005 TaxPub(DT) 1728 (Mad-HC) Applied Saraswati Industrial Syndicate Ltd. v. CIT 1990 TaxPub(DT) 1328 (SC) SUBSCRIBE FOR FULL CONTENT The Tax Publishers2016 TaxPub(DT) 3682 (SC) : (2016) 386 ITR 0500 : (2016) 288 CTR 0121 : (2016) 243 TAXMAN 0360 : (2016) 139 DTR 0265 SUBSCRIBE FOR FULL CONTENT