In the order passed in the case of Ramkishore Nandishore
(supra), a Coordinate Bench of this Court has taken note of the
circular issued by the Department and after considering certain
judgments rendered by a Division Bench of this Court in the case of
Commissioner of Income Tax Vs. Suresh Chand Goyal (2008)
ITR 277 (MP); and, Commissioner of Income Tax Vs. Ashok
Kumar Manibhai Patel & Company, (2009) 317 ITR 386 (MP),
has decided the question in the following manner: