Supreme Court of India
Ramnath & Co. v. The Commissioner of Income Tax
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 proceedings of the Central Board of Direct Taxes dated March 11, 1986, declining to approve the agreements of the appellant with Sedgwick Offshore Resources Ltd., London, for the purposes of section 80-O of the Income-tax Act, are improper and illegal.
Judgment, page 63
From the headnote
Income Tax Act, 1961 – s. 80-O – The appellants-assessees were engaged in providing services to certain foreign buyers of frozen seafood and/ or marine products – Appellants claimed that income received by them for services provided to foreign enterprises qualifies for deduction u/s. 80-O of the Income Tax Act, as applicable during the respective assessment years from 1993-94 to 1997-98 – Appellants contended that they provided technical guidance or advice or information to the foreign enterprises – Held: All the clauses of the agreements read together make it absolutely clear that the…
Authorities it was built on
- 2018 Commissioner of Customs (import), Mumbai v. M/s. Dilip Kumar and Company & Ors.
- 2006 M/s. Crawford Bayley and Co. and Ors. v. Union of India and Ors.
- 2017 Abhiram Singh v. C.D. Commachen (dead) by Lrs. & Ors.
- 1976 Commissioner of Wealth-tax, Andhra Pradesh v. Officer-in-charge (court of Wards) Paigah
- 2007 Commissioner of Income-tax Thiruvananthapuram v. M/s Baby Marine Exports, Kollam
- 2016 C.I.T. & Anr v. Mis Yokogawa India Ltd
- 1998 Central Board of Direct Taxes and Ors. v. Oberoi Hotels (india) Pvt. Ltd.
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
An email address, no password.