Supreme Court of India
Badridas Daga 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
In the result, we are of opinion that the loss sustain ed by the appellant as a result of misappropriation by Chandratan is one which is incidental to the carry ing on of his business, and that it should therefore be deducted in computing the profits under s. 10(1) of the Act.
Judgment, page 13
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