Supreme Court of India

Mis. Ashok Leyland Ltd. Madras v. Commissioner of Income Tax, Madras

Neutral citation
Bench B.P. Jeevan Reddy and K.S. Paripoornan JJ.
Decided 19 December 1996

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.

What the Court ordered

We are of the opinion that reading the relevant portion of sub-section (1) of Section 80-I alongwith E the definition of "priority industry" in Section 80- B(7), it must be held that the profit and gains arising from import and sale of spare parts was attributable to the industry (priority industry) carried on by the assessee.

Judgment, page 4

Sign in free to read it

  • The full judgment, page by page, as published in the Supreme Court Reports
  • The ratio: what the Court held, verbatim, with the page it sits on
  • 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
Sign in to read - for free

An email address, no password.