172 ITR 321) (SC), Hon'ble Punjab & Haryana High Court in the case of CIT vs. Eqbal Inn & Hotels Ltd., Hon'ble Madras High Court in the case of CIT vs. I. P. India Pvt. Ltd. (343 ITR 0353), CIT vs. Rugmini Ram Ragav Spinners Pvt. Ltd. (304 ITR 0417) broadly point out that such transactions between the sister concerns