Supreme Court of India
Sudarshan Silks and Sarees v. Commissioner of Income Tax, Karnataka
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.256 - Reference jurisdiction - Scope of- Question as c to perversity of findings of facts recorded by Tribunal - Neither raised nor referred to High Court for its opinion - Held: Jurisdiction of High Court in reference application is to answer question of law that are referred to it - Since finding of fact recorded by Tribunal not challenged as being perverse, question of law did not arise. s.271(1)(c) - Penalty - Levy of - For concealment of income- Held: In facts and circumstances of the case, penalty not leviable.
Authorities it was built on
Where later benches applied it
- 2011 Commissioner of Customs (import) v. Stoneman Marble Industries & Ors
- 2015 Premier Breweries Ltd., Karnataka v. Commissioner of Income Tax, Cochin
Of those, 1 relied on · 1 not applicable
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