Case Laws Analysis Relied on Nikhil Sawhney v. ACIT 2020 TaxPub(DT) 3194 (Del-Trib) Followed on Raptakos Brett & Co. Ltd. v. Dy. CIT 2015 TaxPub(DT) 2490 (Mum-Trib) Dissented CIT v. S.S. Thiagarajan 1981 TaxPub(DT) 0302 (Mad-HC) Dissented on CIT v. S.S. Thiagarajan 1981 TaxPub(DT) 0302 (Mad-HC) Relied on CIT v. Harprasad & Co. P. Ltd. 1975 TaxPub(DT) 0320 (SC) Distinguished on Ramjilal Rais v. CIT 1965 TaxPub(DT) 0071 (All-HC) Distinguished on Indian City Properties Ltd. v. CIT 1965 TaxPub(DT) 0031 (Cal-HC) Followed on CIT v. Karamchand Premchand Ltd. 1960 TaxPub(DT) 0176 (SC) SUBSCRIBE FOR FULL CONTENT The Tax Publishers1983 TaxPub(DT) 0750 (Cal-HC) : (1983) 144 ITR 0709 : (1983) 033 CTR 0208 : (1983) 012 TAXMAN 0133Royal Calcutta Turf Club v. Commissioner of Income tax SUBSCRIBE FOR FULL CONTENT