Pr. Commissioner Of Income Tax Shimla vs M/S Aarham Softronics on 20 February, 2019
Cape Brandy
22
Syndicate v. IRC [Cape Brandy Syndicate v. IRC, (1921) 1 KB
64] , summed up the law in the following manner:
“A taxing ... with
approval a passage [Cape Brandy Syndicate v. IRC, (1921) 1 KB
64] from Rowlatt, J. expressing the principle in the following
words: (Cape Brandy