Supreme Court of India

Dmai

Diary number
Neutral citation Not assigned by the Court
How to cite
Bench Suhas C. Sen and S. Saghir Ahmad JJ.
Decided 9 December 1997

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

JUDGMENT: J U M N T SEN, J. The following question of law was referred by the Tribunal to the Orissa High Court under Section 256(1) of the Income Tax Act, 1961; "Whether on the facts and in the circumstances of the case, the commission paid by the assessee- firm to Sri Rashiklal P. Rathor (individual) is allowable under section 40(b) of the Income Tax Act, 1961 as a deduction while computing the business income of the assesses." The assesses is a partnership firm carrying on a number of businesses including sale and purchase of various commodities as well as mining.

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