Dalmia Cement (Bharat) Ltd. vs Assistant Commissioner Of Income-Tax on 29 November, 1995
He further relied on the decision of the Hon'ble Kerala High Court in the case of Periyar & Pareekanni Rubber Ltd. v. CIT [1990] 181 ITR 396. He further submitted that where two views are possible, it is the duty of the AO to follow a view which is favourable to the department.