Supreme Court of India
Sir Kikabhai Premchand v. Commissioner of Income Tax (central), Bombay.
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.
11 Supreme Court benches have cited this judgment.
What the Court ordered
In the result of the trading of the previous year which was not correctly reflected in the accounts by reason of the • assessee having adopted the market value obtaining at the close of the previous year as the value of the asset.
Judgment, page 12
From the headnote
in its Original Civil Jurisdiction in Income-tax Reference No. 1 of 1949 arising out of the Order dated the 20th day of February, 1948, and 9th 1953 Oct. 9, 1963 Sir Kikabhai Premchand v. 220 SUPREME COURT REPORTS [1954] April, 1948, of the Income-tax Appellate Tribunal, Bombay Bench ' ', Bombay, in LT. . No. 894 of 1947-48. Oo1nniissioner of Inco1ne-taz, (Central) Bombay. R . .J. Kolah for the appellant. M. . Seta.lvad, Attorney-General for India, ( . N. .Jo8hi, with him) for the Commissioner of Income tax. 1953~ October 9. The Judgment of the Chief Justice ahd S. R. Das, Bose and Ghulam
Authorities it was built on
Where later benches applied it
- 2017 Prabhakara Adiga v. Gowri & Ors.
- 2005 M/s. Sanjeev Woolen Mills v. Commissioner of Income Tax, Mumbai
- 2001 Sakthi Trading Co. v. Commissioner of Income Tax, Coimbatore
- 1991 A.L.A. Firm v. Commissioner of Income Tax, Madras
- 1972 The Commissioner of Income-tax, Calcutta v. Gillanders Arbuthnot & Co.
- 1968 Commissioner of Income-tax, Gujarat v. M/s. B. M. Kharwar
- 1965 Kalooram Govindram v. Commissioner of Incometax, Madhya Pradesh, Nagpur
- 1964 Income-tax Officer, A-ward, Sitapur v. Murlidhar Bhagwandas, Lakhimpur Kheri
- 1963 Ramnarayan Mor and Another v. State of Maharashtra
- 1962 Tata Iron and Steel Co. Ltd. v. The State of Bihar
- 1962 Commissioner of Income-tax, Bombay City I, Bombay v. Bai Shirinbai K. Kooka
Of those, 11 mentioned
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