Case Laws Analysis Relied on Madurai Power Corporation (P) Ltd. v. Dy. CIT 2020 TaxPub(DT) 5480 (AP-HC) Distinguished on Suresh Chand Gupta v. PCIT 2020 TaxPub(DT) 5162 (All-HC) Followed on ACIT v. Punjab & Sind Bank 2019 TaxPub(DT) 0572 (Del-Trib) Followed on Dhirendra Hansraj Singh v. Asstt. CIT 2018 TaxPub(DT) 3815 (Guj-HC) Distinguished on H.S. Bawa v. CIT 2013 TaxPub(DT) 0258 (P&H-HC) Relied Biswanath Tea Co. Ltd. v. Deputy CIT 2004 TaxPub(DT) 1377 (Cal-HC) Distinguished Swaraj Engine Ltd. v. Assistant CIT & Anr. 2003 TaxPub(DT) 0409 (P&H-HC) Applied on State Bank of Travancore v. CIT 1986 TaxPub(DT) 1187 (SC) Affirmed on CIT v. Corporation Bank Ltd. 1986 TaxPub(DT) 0149 (Karn-HC) SUBSCRIBE FOR FULL CONTENT The Tax Publishers2002 TaxPub(DT) 0052 (SC) : (2002) 254 ITR 0791 : (2002) 174 CTR 0577 : (2002) 122 TAXMAN 0826CIT v. Corporation Bank Ltd. SUBSCRIBE FOR FULL CONTENT