M/S. Phool Chand Bajrang Lal And Another vs Income-Tax Officer And Another on 13 July, 1993
In
Phool Chand Bajrang Lal v. ITO [1993] 203 ITR 456 (SC), the Supreme
W.P.(C) 5320/2017 & connected batch matters Page 36 of 48
Court in the context of the Income Tax Act, 1961 explained the expression
as under: