Supreme Court of India

Commissioner of Income-tax, Bombay v. Ahmedbhai Umarbhai & Co., Bombay.

Neutral citation
Reported as [1950] 1 S.C.R. 335
Decided 4 May 1950

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.

17 Supreme Court benches have cited this judgment.

From the headnote

vcess Prnjits Tax Act (XV of 1940), s. 5, Third Pt·oviso­ Indian Incom$-tax Act (XI of 1922), s. 42 (8)-Article manufactttred otttside British India-Sale in British India-Whethu whole profits accriie or arise in British India-Liability to excess pt·ofits tax­ Manufacturing operations, whether "part of !msiness " - Aprortion­ ment of profits between place of mamifact11re and place of sale­ Permissibility-Applicability r>f s. 42 (8}. Section 5 of the Excess Profits Tax Act, 1940, provided that "the Act shall apply to awry business of which any part of the profits made during the chargeable

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