Supreme Court of India
Textile Machinery Corporation Limited, Calcutta v. The Commissioner of Income-tax, West Bengal, Calcutta
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.
3 Supreme Court benches have cited this judgment.
From the headnote
Indian Income-tax Act, 1922-S. 15C(2) (i)-Scope of Tests for determining when benefit of the section available-Reconstruction-Tests for determination. Section I 5C of the Indian Income-tax Act 1922, which deals with exemption from tax of newly established industrial undertakings, provides in sub-s. 2(i) that tl)e sect10n apphes, among others, to any industrial undertaking which is not formed by the splitting up, or the reconstruction of business already in existence. ·The assessee (appellant) was a heavy engineering concern manufacturing boilers, machinery parts and wagons.
Where later benches applied it
- 2026 Ifgl Refractories Ltd v. Orissa State Financial Corporation
- 2021 Asset Reconstruction Company (india) Limited v. Bishal Jaiswal & Anr.
- 2018 Mahabir Industries v. Principal Commissioner of Income Tax
Of those, 2 mentioned · 1 not applicable
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