Avaya India Private Limited, Mumbai vs Acit, Circle-1(1), Delhi on 9 July, 2021
Ltd. [1983] 144 ITR 936, Full Bench of the
Kerala High Court in A. V. Thomas & Co. Ltd. v. CIT [1986] 159
ITR 431 and Madras High Court in Sundaram Industries Ltd. v.
CIT [1986] 159 ITR 646. In the view which we are taking, we
answer the question referred to us in the affirmative and
against the assessee."