Supreme Court of India
The State of Madhya Pradesh v. Binod Mills Company Ltd.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
From the headnote
War Profits Tax-Assessment o.f company's profits Deduction of managing agent's remuneration-" Included in the profits of the managing agency bu,qiness"-Gwalior War Profits Tax Ordinance, Samvat 2001, ss.2(.5), 2(10), 4(1), 5(1), Sch.I, r.4( 1) proviso (b). Sub-rule (1) of r.4 of Sch. I to the Gwalior War Pro fits Tax Ordinance, Samvat 2001, provided: "In computing the profits of a bu~iness carried on by a company, no deduc tion shall be made in respect of the remuneration paid to directors if during any part of the accounting period concerned, they had cuntrolling interest in the company…
Sign in free to read it
- The full judgment, page by page, as published in the Supreme Court Reports
- Every bench that relied on it, and every bench that argued against it
- Search every reported judgment, by party, citation or question
- Download the PDF, copy pinpoint citations ready for a filing
An email address, no password.