Supreme Court of India

Udaipur Sahkari Upbokta Thok Bhander Ld. v. Commr.of Income Tax.

Diary number
Neutral citation Not assigned by the Court
How to cite
Bench S.H. Kapadia and Aftab Alam JJ.
Decided 16 July 2009

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 hold that the High Court was right in coming 2 to the conclusion that the assessee was storing the commodities in question in its godowns as part of its own trading stock, hence it was not entitled to claim deduction for such margin under Section 80P(2)(e) of the 1961 Act.

Judgment, page 25

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