Supreme Court of India
Commissioner of Income Tax, Karnataka v. Sterling Foods, Mangalore
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.
2 Supreme Court benches have cited this judgment.
From the headnote
Income Tax Act, 1961 Section 80HH and 28-Deduction-Profits and gains derived from an industrial undertaking-Firm engaged in processing sea food-Sale proceeds from import entitlements-Claim/or relief including income derived from sale of import entitlements-Permissibility of-Held, the sale proceeds from import entitlements do not constitute profit and gain derived from the assessees' industrial undertaking-Thus, not entitled to claim relief in respect of sale proceeds from import entitlements.
Where later benches applied it
- 2023 M/s. Saraf Exports v. Commissioner of Income Tax, Jaipur-iii
- 2016 Commissioner of Income Tax v. M/s. Meghalaya Steels Ltd.
Of those, 1 relied on · 1 referred to
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