Case Laws Analysis Relied on Asstt. CIT v. New Piece Goods Bazar Co. Ltd. 2020 TaxPub(DT) 4318 (Mum-Trib) Applied on Transwitch India (P.) Ltd. v. Dy. CIT 2013 TaxPub(DT) 0482 (Del-Trib) Relied CIT v. Transport Corporation of India Ltd. 2002 TaxPub(DT) 1427 (AP-HC) Followed Narayandas Kishandutt v. CIT 1984 TaxPub(DT) 0643 (MP-HC) Followed Pradeep Pictures v. CIT 1983 TaxPub(DT) 1484 (MP-HC) Relied Punjab State Co-Operative Supply & Marketing Federation Ltd. v. CIT 1981 TaxPub(DT) 0527 (P&H-HC) Applied Carew & Co. Ltd. v. CIT 1976 TaxPub(DT) 0454 (Cal-HC) Followed CIT v. Maharashtra Sugar Mills Ltd. 1971 TaxPub(DT) 0365 (SC) Relied CIT v. Maharashtra Sugar Mills Ltd. 1968 TaxPub(DT) 0275 (Bom-HC) Affirmed on C. Parekh & Co. (India) Ltd. v. CIT 1953 TaxPub(DT) 0057 (Bom-HC) SUBSCRIBE FOR FULL CONTENT The Tax PublishersCivil Appeal No. 74 of 19541956 TaxPub(DT) 0141 (SC) : (1956) 029 ITR 0661Commissioner of Income-Tax, Bombay v. C Parakh & Co. (India) Ltd.Civil Appeal No. 74 of 1954 SUBSCRIBE FOR FULL CONTENT