Calcutta Discount Co. Ltd. v. Income Tax Officer & Anr.

Case Laws Analysis
Relied on Asstt. CIT v. Sur Buildcon (P) Ltd. 2021 TaxPub(DT) 3869 (Del-Trib)
Supported in Baroque Pharmaceuticals (P) Ltd. v. Office of Asstt. CIT 2021 TaxPub(DT) 1793 (Guj-HC)
Relied on Silverdale Inn (P) Ltd. v. ITO 2021 TaxPub(DT) 1628 (Guj-HC)
Followed on Ardent Ventures LLP v. ITO 2021 TaxPub(DT) 1486 (Guj-HC)
Relied on Cemach Machineries Ltd. v. ITO 2021 TaxPub(DT) 1264 (Guj-HC)
Distinguished on Usha Martin Ltd. v. UOI 2021 TaxPub(DT) 0921 (Jhar-HC)
Relied on Dy. CIT v. The Peerless General Finance & Investment Co. Ltd. 2020 TaxPub(DT) 5300 (Kol-Trib)
Relied on Asstt. CIT v. GRD Commodities Ltd. 2020 TaxPub(DT) 5263 (Kol-Trib)
Relied on Core Healthcare Ltd. v. DCIT 2020 TaxPub(DT) 3635 (Ahd-Trib)
Applied on Manoj Kumar v. Dy. CIT 2020 TaxPub(DT) 2554 (Kol-Trib)
Followed on New Delhi Television Ltd. v. Dy. CIT 2020 TaxPub(DT) 1703 (SC)
Relied on Sanjeev Ghei v. ITO 2019 TaxPub(DT) 1966 (Del-HC)
Followed on IHHR Hospitality (P) Ltd. v. Addl. CIT 2019 TaxPub(DT) 1756 (Del-HC)
Relied on Asian Paints Ltd. v. Dy. CIT & Ors. 2019 TaxPub(DT) 1003 (Bom-HC)
Relied on Sonia Gandhi v. Asstt. CIT 2018 TaxPub(DT) 5844 (Del-HC)
Followed on Asstt. CIT v. Punjab Steel Rolling Mills (Baroda) (P) Ltd. & Vice-Versa 2018 TaxPub(DT) 2496 (Ahd-Trib)
Followed on Education & Rural Development Society v. ITO (E) 2018 TaxPub(DT) 1334 (Jp-Trib)
Relied on Ankit Agrochem (P.) Ltd. v. Jt. CIT 2018 TaxPub(DT) 0186 (Raj-HC)
Applied on S.C. Johnson Products (P) Ltd. v. Asstt. CIT 2017 TaxPub(DT) 5318 (Del-HC)
Relied on CIT v. Maruti Suzuki India Ltd. 2017 TaxPub(DT) 5197 (Del-HC)
Followed on Jeans Knit (P) Ltd. v. Dy. CIT 2016 Taxpub(DT) 5199 (SC)
Relied on CIT v. Vishishth Chay Vyapar Ltd. 2015 TaxPub(DT) 5085 (Del-HC)
Followed on CIT v. Amit Jain 2015 TaxPub(DT) 2001 (Del-HC)
Followed on Techman Buildwell (P) Ltd. v. Asstt. CIT 2015 TaxPub(DT) 0602 (Del-HC)
Followed on Srinivasa Ferro Alloys Ltd. v. Asstt. CIT 2014 TaxPub(DT) 4239 (AP-HC)
Distinguished on Jeans Knit (P) Ltd. v. Dy. CIT & Ors. 2014 TaxPub(DT) 4081 (Karn-HC)
Relied on Mukesh Modi & Ors. v. Dy. CIT & Anr. 2014 TaxPub(DT) 1744 (Raj-HC)
Applied on Sterilite Industries (India) Ltd. v. Asstt. CIT 2013 TaxPub(DT) 1387 (Mad-HC)
Followed on Director of Income Tax v. Mc Donalds Corporation 2013 TaxPub(DT) 0712 (Del-HC)
Distinguished on H.S. Bawa v. CIT 2013 TaxPub(DT) 0258 (P&H-HC)
Applied on Industrial Lining v. DCIT 2011 TaxPub(DT) 0766 (Ahd-Trib)
Distinguished on Kailash Prasad Jain v. CIT 2011 TaxPub(DT) 0619 (Cal-HC)
Followed on Sri Sakthi Textiles Ltd. v. Jt. CIT 2010 TaxPub(DT) 2170 (Mad-HC)
Applied on Sri Sakthi Textiles Ltd. v. Jt. CIT 2010 TaxPub(DT) 2170 (Mad-HC)
Relied on Asstt. CIT v. Choksi Heraeus (P) Ltd. 2010 TaxPub(DT) 1613 (Jod-Trib)
Relied on Pannalal Mahesh Chandra Jewellers v. Dy. CIT 2010 TaxPub(DT) 0998 (All-HC)
Relied on M.P. Ramachandran v. Dy. CIT 2010 TaxPub(DT) 0506 (Mum-Trib)
Relied on CIT v. Rajindra Rosin & Turpentine Industries 2008 TaxPub(DT) 0378 (P&H-HC)
Followed on CIT v. Parry Agro Industries Ltd. 2007 TaxPub(DT) 0368 (Ker-HC)
Followed Techspan India (P) Ltd. & Anr. v. Income Tax Officer 2006 TaxPub(DT) 1408 (Del-HC)
Relied Consolidated Photo & Finvest Ltd. v. Assistant CIT 2006 TaxPub(DT) 1215 (Del-HC)
Relied Commissioner of Wealth Tax v. C.M. Ghosh Trust 2005 TaxPub(DT) 1588 (All-HC)
Relied India Steamship Co. Ltd. v. Joint CIT & Ors. 2005 TaxPub(DT) 1378 (Cal-HC)
Relied Amiya Sales & Industries & Anr. v. Assistant CIT & Ors. 2005 TaxPub(DT) 0928 (Cal-HC)
Relied Banswara Syntex Ltd. v. Assistant CIT 2005 TaxPub(DT) 0187 (Raj-HC)
Relied Indra Prastha Chemicals (P) Ltd. & Ors. v. CIT & Anr. 2004 TaxPub(DT) 1850 (All-HC)
Relied J.P. Bajpai (HUF) v. CIT & Anr. 2004 TaxPub(DT) 1602 (All-HC)
Applied Ajanta Pharma Ltd. v. Assistant CIT & Ors. 2004 TaxPub(DT) 1151 (Bom-HC)
Relied Income Tax Officer & Ors. v. Shree Bajrang Commercial Company (P) Ltd. 2004 TaxPub(DT) 0127 (Cal-HC)
Distinguished Income Tax Officer v. Electro Steel Castings Ltd. 2003 TaxPub(DT) 1349 (Cal-HC)
Relied C.E.S.C. Ltd. & Anr. v. Deputy CIT & Ors. 2003 TaxPub(DT) 1323 (Cal-HC)
Relied Simplex Concrete Piles (India) Ltd. v. Deputy CIT & Ors. 2003 TaxPub(DT) 1180 (Cal-HC)
Distinguished Keshrimal (Deceased) Through Lrs & Ors. v. Income Tax Officer 2003 TaxPub(DT) 1047 (MP-HC)
Relied G.N. Shaw (Wine) (P) Ltd. Vs. Income Tax Officer & Anr. v. 2003 TaxPub(DT) 0275 (Cal-HC)
Relied CIT v. Kalvinator of India Ltd. 2002 TaxPub(DT) 1348 (Del-HC)
Distinguished Ashoka Marketing Ltd. v. Income Tax Officer & Ors. 2002 TaxPub(DT) 1284 (Cal-HC)
Relied Citibank N.A. v. S.K. Ojha & Ors. 2002 TaxPub(DT) 1234 (Bom-HC)
Relied Assistant CIT v. Sarvamangala Properties 2002 TaxPub(DT) 1022 (Cal-HC)
Applied Garden Finance Ltd. v. Additional CIT 2002 TaxPub(DT) 0872 (Guj-HC)
Relied CIT v. S.R. Construction 2002 TaxPub(DT) 0749 (MP-HC)
Relied Happy Forging Ltd. v. CIT & Anr. 2002 TaxPub(DT) 0478 (P&H-HC)
Applied Vipan Kumar Jain & Ors. v. Union of India & Ors. 2001 TaxPub(DT) 1379 (P&H-HC)
Applied Hanuman Trading Co. v. CIT 2001 TaxPub(DT) 0956 (Del-HC)
Relied Badal Choudhury v. Income Tax Officer & Ors. 2001 TaxPub(DT) 0827 (Cal-HC)
Followed Foramer v. CIT & Anr. 2001 TaxPub(DT) 0564 (All-HC)
Relied Berger Paints India Ltd. & Ors. v. Joint CIT & Ors. 2000 TaxPub(DT) 1389 (Cal-Trib)
Applied Dr. Santosh Kumar Dey (Decd.) Through Lr v. Income Tax Officer 2000 TaxPub(DT) 1381 (MP-HC)
Relied Deputy CIT v. Pala Marketing Co-Operative Society Ltd. & Anr. 2000 TaxPub(DT) 1290 (Ker-HC)
Followed M.Z. Khan v. CIT 2000 TaxPub(DT) 1050 (All-HC)
Relied Arjun Singh & Anr. v. Assistant Director of Income-tax & Ors. 2000 TaxPub(DT) 0444 (MP-HC)
Relied Delhi Farming & Construction (P) Ltd. v. Assistant CIT & Ors. 1999 TaxPub(DT) 1417 (Del-HC)
Distinguished Usha Beltron Ltd. & Anr. v. Joint CIT & Ors. 1999 TaxPub(DT) 1414 (Pat-HC)
Followed Meghdoot Laminart (P) Ltd. v. Rajiv Sinha Or His Successor In Office of The Deputy CIT 1999 TaxPub(DT) 1272 (Guj-HC)
Followed J.C.T. Ltd. & Anr. v. CIT & Ors. 1999 TaxPub(DT) 1157 (Cal-HC)
Relied Dr. C. Balakrishna Nair & Anr. v. CIT & Anr. 1999 TaxPub(DT) 1121 (Ker-HC)
Applied Pala Marketing Co-Operative Society Ltd. v. State of Kerala & Anr. 1999 TaxPub(DT) 0933 (Ker-HC)
Applied Saradbhai M. Lakhani v. Income Tax Officer 1998 TaxPub(DT) 1040 (Guj-HC)
Applied Krishna Metal Industries v. H.M. Algotar, Assistant CIT 1997 TaxPub(DT) 1083 (Guj-HC)
Relied Associated Stone Industries (Kotah) Ltd. v. CIT 1997 TaxPub(DT) 1055 (SC)
Relied H.E.H. Nizam’S Jewellery Trust v. Assistant Commissioner of Wealth Tax & Ors. 1997 TaxPub(DT) 0892 (AP-HC)
Relied Arvind Polycot Ltd. v. Assistant CIT 1996 TaxPub(DT) 1257 (Guj-HC)
Relied Sri Krishna (P) Ltd. Etc. v. Income Tax Officer & Ors. 1996 TaxPub(DT) 1220 (SC)
Dissented Rakesh Agarwal v. Assistant CIT 1996 TaxPub(DT) 0795 (Del-HC)
Relied Dhanaraj Singh & Co. v. CIT & Anr. 1996 TaxPub(DT) 0093 (Pat-HC)
Applied Zohar Siraj Lokhandwala v. M.C. Kamat, Assistant CIT & Ors. 1994 TaxPub(DT) 1212 (Bom-HC)
Relied Commissioner of Wealth Tax v. T. Ramachandran 1994 TaxPub(DT) 0667 (Karn-HC)
Relied Ujjain General Trading Society Ltd. v. Income Tax Officer 1994 TaxPub(DT) 0372 (Cal-HC)
Applied Raymond Woollen Mills Ltd v. Income Tax Officer & Ors. 1994 TaxPub(DT) 0102 (Bom-HC)
Relied Tarajan Tea Co. (P) Ltd. v. CIT 1993 TaxPub(DT) 0331 (Gau-HC)
Relied CIT v. Akbar Ali Jummabhai 1992 TaxPub(DT) 1397 (Guj-HC)
Followed CIT v. Madhavnagar Cotton Mills Ltd. 1992 TaxPub(DT) 0484 (Bom-HC)
Followed Income Tax Officer v. Biju Patnaik 1991 TaxPub(DT) 0880 (SC)
Relied CIT v. Agarwalla Bros. 1991 TaxPub(DT) 0446 (Pat-HC)
Distinguished Vikrambhai Punjabhai Palkhiwala v. S.M. Ajbani, Recovery Officer & Ors. 1990 TaxPub(DT) 0547 (Guj-HC)
Relied Income Tax Officer v. Mewalal Dwarka Prasad 1989 TaxPub(DT) 0928 (SC)
Followed Thanthi Trust v. Income Tax Officer 1989 TaxPub(DT) 0645 (Mad-HC)
Followed Ujagar Prints v. Union of India & Ors. 1989 TaxPub(DT) 0567 (SC)
Relied Manilal Kher Ambalal & Co. v. A.G. Lulla, Income Tax Officer & Ors. 1989 TaxPub(DT) 0287 (Bom-HC)
Followed Noorbari Tea Co. (P) Ltd. v. Income Tax Officer 1988 TaxPub(DT) 0997 (Gau-HC)
Applied Abdul Oadar Adam & Anr. v. Wealth Tax Officer 1987 TaxPub(DT) 1064 (Karn-HC)
Relied Commissioner of Wealth Tax v. Shivaram Singh 1987 TaxPub(DT) 0191 (Pat-HC)
Followed Indian Oil Corporation v. Income Tax Officer & Ors. 1986 TaxPub(DT) 1551 (SC)
Followed Indo-Aden Salt Mfg. & Trading Co. (P) Ltd. v. CIT 1986 TaxPub(DT) 1402 (SC)
Applied CIT v. A.I. Rahimtulla 1986 TaxPub(DT) 0883 (Bom-HC)
Distinguished Jamuna Prasad Munnilal & Anr. v. Inspecting Assistant Commissioner & Anr. 1985 TaxPub(DT) 0392 (All-HC)
Applied CIT v. S.S.M. Finishing Centre 1985 TaxPub(DT) 0333 (Mad-HC)
Followed CIT v. P.S.S. Somasundaram Chettiar 1985 TaxPub(DT) 0245 (Mad-HC)
Relied Smt. Saroj Devi v. Wealth Tax Officer 1984 TaxPub(DT) 1156 (Raj-HC)
Followed Smt. Amala Das v. CIT & Anr. 1984 TaxPub(DT) 0458 (P&H-HC)
Followed Bhim Singh v. Income Tax Officer & Ors. 1983 TaxPub(DT) 1528 (P&H-HC)
Applied Dr. Sarmukh Singh Uppal (Decd.) v. CIT 1983 TaxPub(DT) 1074 (P&H-HC)
Relied Magni Ram Baijnath v. Central Board of Direct Taxes 1983 TaxPub(DT) 0978 (Pat-HC)
Applied CIT v. British India Corporation 1983 TaxPub(DT) 0932 (All-HC)
Followed Smt. Prabha Rajya Lakshmi v. Wealth Tax Officer & Anr. 1983 TaxPub(DT) 0820 (MP-HC)
Relied Dinesh Kumar Gordhandas v. CIT 1983 TaxPub(DT) 0468 (MP-HC)
Applied K. Madhavan Nambiar v. Wealth Tax Officer 1982 TaxPub(DT) 0365 (Ker-HC)
Followed Lokendra Singh v. Income Tax Officer 1981 TaxPub(DT) 0711 (MP-HC)
Applied CIT v. Maharaja Shree Umaid Mills Ltd. 1980 TaxPub(DT) 0719 (Raj-HC)
Relied Rai Bahadur G.V. Swaika Estate (P) Ltd. & Ors. v. M.N. Tewari & Ors. 1980 TaxPub(DT) 0693 (Cal-HC)
Distinguished H.A. Nanji & Co. v. Income Tax Officer 1979 TaxPub(DT) 1041 (Cal-HC)
Followed Smt. Kanchanbai v. CIT 1979 TaxPub(DT) 0690 (MP-HC)
Applied Parashuram Pottery Works Co. Ltd. v. Income Tax Officer 1977 TaxPub(DT) 0725 (SC)
Followed Govinda Choudhury & Sons v. Income Tax Officer & Ors. 1977 TaxPub(DT) 0332 (Ori-HC)
Applied Assam Oil Company v. Income Tax Officer & Ors. 1977 TaxPub(DT) 0254 (Cal-HC)
Applied Bihar State Road Transport Corporation v. CIT & Ors. 1976 TaxPub(DT) 0676 (Pat-HC)
Relied CIT v. Sri Bihariji Mills Ltd. 1976 TaxPub(DT) 0356 (Pat-HC)
Relied CIT v. Prafulla Kumar Mallick 1976 TaxPub(DT) 0224 (Ori-HC)
Relied Jagdish Prasad v. CIT 1976 TaxPub(DT) 0179 (All-HC)
Applied Modi Spinning & Weaving Mills v. Income Tax Officer 1975 TaxPub(DT) 0274 (All-HC)
Relied C.M. Rajgharia & Anr. v. Income Tax Officer & Ors. 1975 TaxPub(DT) 0170 (Pat-HC)
Applied Bhadarmal Hazarimal v. Income Tax Officer 1975 TaxPub(DT) 0151 (Gau-HC)
Relied Income Tax Officer & Ors. v. Eastern Coal Co. Ltd. 1975 TaxPub(DT) 0129 (Cal-HC)
Distinguished Lakhmani Mewal Das v. Income Tax Officer 1975 TaxPub(DT) 0016 (Cal-HC)
Applied Poonjabhai Vanmalidas & Sons (HUF) v. CIT 1974 TaxPub(DT) 0114 (Guj-HC)
Applied M. Varadarajulu v. Income Tax Officer 1974 TaxPub(DT) 0106 (Mad-HC)
Followed Karam Chand Kakkar v. Income Tax Officer & Anr. 1974 TaxPub(DT) 0024 (P&H-HC)
Applied CIT v. Gillanders Arbuthnot & Co. 1973 TaxPub(DT) 0342 (SC)
Applied Shanmugasundaram Textiles v. Income Tax Officer 1973 TaxPub(DT) 0310 (Mad-HC)
Relied P.K. Nair v. Income Tax Officer & Ors. 1973 TaxPub(DT) 0266 (Ker-HC)
Relied V.N.S. Sockalingam Chettiar v. CIT 1973 TaxPub(DT) 0218 (Mad-HC)
Applied CIT v. Hajee C.M. Abdul Rahiman Khan 1973 TaxPub(DT) 0171 (Mys-HC)
Applied Union Carbide (India) Ltd. v. Income Tax Officer & Ors. 1973 TaxPub(DT) 0036 (Cal-HC)
Applied Bengal Luxmi Cotton Mills Ltd. v. Income Tax Officer & Ors. 1973 TaxPub(DT) 0013 (Cal-HC)
Applied Jai Hind Printing Press v. CIT 1972 TaxPub(DT) 0290 (Guj-HC)
Applied Bajranglal Beria v. Income Tax Officer & Ors. 1972 TaxPub(DT) 0181 (Assam-HC)
Applied Sitaram Jindal v. Income Tax Officer & Ors. 1972 TaxPub(DT) 0108 (Cal-HC)
Applied N. Sundareswaran v. CIT 1972 TaxPub(DT) 0043 (Ker-HC)
Applied Panama (P) Ltd. v. Income Tax Officer & Ors. 1971 TaxPub(DT) 0327 (Cal-HC)
Applied CIT v. T.S.Pl.P. Chidambaram Chettiar 1971 TaxPub(DT) 0320 (SC)
Followed CIT v. Burlop Dealers Ltd. 1971 TaxPub(DT) 0313 (SC)
Applied Dunlop Rubber Company Ltd. v. Income Tax Officer 1971 TaxPub(DT) 0115 (Cal-HC)
Followed Indra Co. Ltd v. Income Tax Officer 1971 TaxPub(DT) 0067 (Cal-HC)
Followed Calcutta Credit Corporation Ltd. v. Income Tax Officer & Ors. 1971 TaxPub(DT) 0058 (Cal-HC)
Applied Assam Consolidated Tea Estates Ltd v. Income Tax Officer & Ors. 1971 TaxPub(DT) 0041 (Cal-HC)
Distinguished Malegaon Electricity Co. (P) Ltd. v. CIT 1970 TaxPub(DT) 0394 (SC)
Applied Y. Rajan v. Income Tax Officer 1970 TaxPub(DT) 0238 (AP-HC)
Relied Nawab Sir Mir Osman Ali Khan Bahadur v. Income Tax Officer 1970 TaxPub(DT) 0090 (AP-HC)
Followed Modi Spinning & Weaving Mills Co. Ltd. v. Income Tax Officer 1970 TaxPub(DT) 0065 (SC)
Applied Rai Singh Deb Singh Bist & Anr. v. Union of India & Ors. 1970 TaxPub(DT) 0024 (Del-HC)
Relied CIT v. Kallu Babu Lalchand 1969 TaxPub(DT) 0324 (Cal-HC)
Distinguished CIT v. Uma Maheshwari 1969 TaxPub(DT) 0082 (Pat-HC)
Relied Niranjan Lal Potdar v. CIT 1969 TaxPub(DT) 0047 (All-HC)
Relied R.M. Subramania Iyer v. Income Tax Officer 1968 TaxPub(DT) 0184 (Ker-HC)
Distinguished Anne Nagendram & Bomma Reddi Venkayya & Co. v. CIT 1967 TaxPub(DT) 0209 (AP-HC)
Applied G. Venkatesh Murthy v. CIT 1966 TaxPub(DT) 0337 (Mys-HC)
Relied Kanji Ranchhod v. CIT 1966 TaxPub(DT) 0204 (Guj-HC)
Followed Dwijendra Chandra Chowdhury v. CIT 1966 TaxPub(DT) 0154 (Assam-HC)
Followed Govind Ram v. Income Tax Officer 1966 TaxPub(DT) 0035 (All-HC)
Applied Ram Charan Lal Ram Narain v. Income Tax Officer & Anr. 1966 TaxPub(DT) 0032 (All-HC)
Relied Gurdayal Berlia v. CIT 1966 TaxPub(DT) 0012 (Cal-HC)
Relied Ramniwas Kanailal v. S.P. Shende, Income Tax Officer 1965 TaxPub(DT) 0119 (Bom-HC)
Followed Durga Prasad & Anr. v. Income Tax Officer & Anr. 1965 TaxPub(DT) 0054 (All-HC)
Applied Lala Karam Chand Thapar v. CIT 1965 TaxPub(DT) 0020 (Cal-HC)
Applied Gordon Woodroffe & Co. Ltd. v. Income Tax Officer 1964 TaxPub(DT) 0222 (Mad-HC)
Relied Uppala Peda Venkataramanaiah v. Additional Income Tax Officer 1964 TaxPub(DT) 0165 (AP-HC)
Followed R. Dalmia v. Income Tax Officer & Anr. 1964 TaxPub(DT) 0144 (Punj-HC)
Followed Veeriah Reddiar v. Income Tax Officer 1964 TaxPub(DT) 0024 (Ker-HC)
Distinguished Parimisetti Seetharamamma v. CIT 1963 TaxPub(DT) 0232 (AP-HC)
Relied Andhra Pradesh State Road Transport Corporation v. Income Tax Officer & Anr. 1963 TaxPub(DT) 0022 (AP-HC)
Applied Maharaja Shri Umaid Mills Ltd. v. Income Tax Officer & Anr. 1962 TaxPub(DT) 0068 (Punj-HC)
Relied Hyderabad Allwyn Metal Works Ltd. v. Income Tax Officer & Anr. 1962 TaxPub(DT) 0053 (AP-HC)
Reversed on Income Tax Officer v. Calcutta Discount Co. Ltd. 1953 TaxPub(DT) 0071 (Cal-HC)

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The Tax Publishers1961 TaxPub(DT) 0130 (SC) : (1961) 041 ITR 0191 Calcutta Discount Co. Ltd. v. Income-Tax Officer, Companies District I, Calcutta, & Anr. Civil Appeal No. 197 of 1954 (Appeal from the judgment and order of the Calcutta High Court dated March 25, 1953, in Appeal from Original Order No. 54 of 1953) SUBSCRIBE FOR FULL CONTENT

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Calcutta Discount Co. Ltd. v. Income-Tax Officer, Companies District I, Calcutta, & Anr.

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