Supreme Court of India
Commissioner of Income Tax, Bhopal v. Hindustan Elector Graphites Ltd., Indore
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 : S.28(iii)(b) (as inserted by Finance Act, 1990) and ss.143(1A) and 234-Additional tax-Cash compensatory suppo.rt received against exports Included under the head "profits aiul gains of business or profession" after the assessee had filed the return-Amendment made with retrospective effect Assessee could not offer to tax the. amount of cash compensatory support received by it in the previous year-Revenue treating the amount as additional income and levied income tax thereon at higher rate and also charged interest-Held, levy of additional tax not warranted-Jn the…
Where later benches applied it
- 2015 Commissioner of Income Tax, Gauhati & Ors. v. M/s. Sati Oil Udyog Ltd. & Anr.
- 2005 Bhuna Coop. Sugar Mills Ltd. v. Commissioner of Income Tax, Rohtak and Anr.
Of those, 1 referred to · 1 mentioned
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