Case Laws Analysis Followed on Aesseal India Pvt. Ltd. v. ITO 2020 TaxPub(DT) 5344 (Pune-Trib) Distinguished CIT v. Varghese Mani 2001 TaxPub(DT) 1629 (Ker-HC) Concurred with Himachal Pradesh Financial Corporation Ltd. v. CIT 1998 TaxPub(DT) 0567 (HP-HC) Approved Madras Industrial Investment Corporation Ltd. v. CIT 1997 TaxPub(DT) 1209 (SC) Relied on CIT v. Indian Jute Mills Association 1982 TaxPub(DT) 0398 (Cal-HC) Dissented on CIT v. Madras Industrial Investment Corporation Ltd. 1980 TaxPub(DT) 0814 (Mad-HC) SUBSCRIBE FOR FULL CONTENT The Tax Publishers1987 TaxPub(DT) 0425 (MP-HC) : (1987) 165 ITR 0765 : (1986) 051 CTR 0249 : (1986) 026 TAXMAN 0042M.P. Financial Corporation v. Commissioner of Income-Tax SUBSCRIBE FOR FULL CONTENT