Commissioner Of Income Tax vs Crescent Export Syndicate on 30 July, 2008
In this context, we
refer that the said arguments by Ld. AR are berefet of merits and
substance since the act has to be read as an "integrated code" and
not to the choice of the assessee being pick and choose to the
provisions of law suiting the requirements of a litigant ands the
similar argument has been dealt in the aforesaid judgment of Hon'ble
Calcutta high Court in the case of CIT vs. Crescent Export Syndicate
(supra) and which findings are while noticing the judgment of
Hon'ble Supreme Court in A.S. Krishna vs. State of Madras
reported in AIR 1957 SCC 297 (supra).