Shri Prithvi Raj Singh, Jaipur vs Ito, Ward-2(2), Jaipur on 21 December, 2020
While reaching to the said
conclusion, we find strength from the principle laid down by the various
courts in different cases such as in the case of Commissioner of
Income-tax, Jalandhar v. Smt. Paramjit Kaur [2008] 168 Taxman
39, Narain Dutt Sharma Vs ITO (2018) 91 taxmann.com 463 (JP
Trib) PCIT Vs Shodiman Investments (P) Ltd. (2018) 93
taxmann.com 153 (Bom) & ors, Ingram Micro (India) Exports (P)
Ltd. Vs DCIT (IT) (2017) 78 taxmann.com 140 (Bom), Hintustan
Level Ltd. Vs R.B. Wadkar, Asstt. CIT (2004) 268 ITR 332, PCIT
Vs RMG Polyvinyl (I) Ltd,. (2017) 83 taxmann.com 348 (Delhi).