Supreme Court of India
M. R. Goyel, Prop. M/s Milkhiram Bros. Bombay v. The Commissioner of Income Tax, Bombay City 1, Bombay
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.
1 Supreme Court bench has cited this judgment.
From the headnote
Jncome·tax-Person entering into contract for purchase of goods Thereafter transferring benefit of contract for consideration-Whether con• sideration received wa.r capital receipt or revenue. Uie appellant entered into a contract for the purchase of a large quantity of parachutes from the T. Company. The agreed purchase price was over Rs. 93 lacs and the assessee was required to deposit a sum of Rs. JO lacs by way of earnest money.…
Where later benches applied it
Of those, 1 mentioned
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