Case Laws Analysis Followed on Shrimati Roma Sengupta v. CIT 2016 TaxPub(DT) 2344 (Cal-HC) Relied on Export Credit Guarantee Corpn. (India) Ltd. v. ITO 2009 TaxPub(DT) 1243 (Mum-Trib) Followed Controller of Estate Duty v. Bipinchandra N. Patel 1990 TaxPub(DT) 1260 (Bom-HC) Distinguished Ugar Sugar Works Ltd. v. CIT 1983 TaxPub(DT) 0430 (Bom-HC) Relied Marolia & Sons v. CIT 1981 TaxPub(DT) 0322 (All-HC) Concurred with Kanan Devan Hills Produce Co. Ltd. v. Commissioner of Wealth Tax 1968 TaxPub(DT) 0208 (Cal-HC) Applied CIT v. Ice Suppliers Corporation 1967 TaxPub(DT) 0120 (Punj-HC) Followed Kanpur Industrial Works v. CIT 1966 TaxPub(DT) 0118 (All-HC) Applied Central Indian Insurance Co. Ltd. v. Income Tax Officer & Anr. 1963 TaxPub(DT) 0158 (MP-HC) Relied CIT v. Hazarimal Nagji & Co. 1962 TaxPub(DT) 0206 (Bom-HC) Relied V. Ramaswamy Iyengar & Anr. v. CIT 1960 TaxPub(DT) 0179 (Mad-HC) Relied on CIT v. Breach Candy Swimming Bath Trust 1955 TaxPub(DT) 0039 (Bom-HC) Relied on Oriental Building & Furnishing Co. v. CIT 1952 TaxPub(DT) 0022 (Punj-HC) Relied on Byramji & Co. v. CIT 1943 TaxPub(DT) 0030 (Nag-HC) SUBSCRIBE FOR FULL CONTENT The Tax Publishers1957 TaxPub(DT) 0097 (Bom-HC) : (1957) 031 ITR 0844New India Life Assurance Co. Ltd. v. Commissioner of Income-Tax, Excess Profits Tax, Bombay City.Income-tax Reference No. 40 of 1956 SUBSCRIBE FOR FULL CONTENT