Case Laws Analysis Relied J.K. Bankers v. CIT 1974 TaxPub(DT) 0049 (All-HC) Relied CIT v. Calcutta Discount Co. Ltd. 1971 TaxPub(DT) 0039 (Cal-HC) Relied S. Chenniappa Mudaliar v. CIT 1964 TaxPub(DT) 0342 (Mad-HC) Followed Kumbakonam Mutual Benefit Fund Ltd. v. CIT 1961 TaxPub(DT) 0126 (Mad-HC) Relied on M. R. M. Periannan Chettiar v. CIT 1960 TaxPub(DT) 0095 (Mad-HC) Relied on New India Life Assurance Co. Ltd. v. CIT 1957 TaxPub(DT) 0097 (Bom-HC) Relied on Puranmal Radhakishan & Co. v. CIT 1957 TaxPub(DT) 0044 (Bom-HC) Applied on CIT v. Pingle Industries Ltd. 1954 TaxPub(DT) 0021 (Hyd-HC) Followed on S.N.A.Al. Chidambaram Chettiar v. CIT 1945 TaxPub(DT) 0058 (Mad-HC) Followed on V.M. Raghavalu Naidu & Sons v. CIT 1945 TaxPub(DT) 0056 (Mad-HC) Relied on The Motor Union Insurance Co. Ltd. v. CIT 1945 TaxPub(DT) 0025 (Bom-HC) SUBSCRIBE FOR FULL CONTENT The Tax Publishers1960 TaxPub(DT) 0179 (Mad-HC) : (1960) 040 ITR 0377V. Ramaswamy Iyengar &Anr v. Commissioner of Income-Tax, MadrasCase Referred No. 26 of 1957 SUBSCRIBE FOR FULL CONTENT