R. Dalmia vs Commissioner Of Income Tax on 5 February, 1999
The contrary view was taken by the High Court at Madras
in Commissioner of Income Tax v. Sundaram Spinning Mills & Ors., 225 ITR
214, and CIT v. Simson and Mc Conchy Ltd. , 177 ITR 526, and by the High
Court of Punjab and Haryana in CIT v. Usha Aggarwal, 178 ITR 406.