Supreme Court of India
The Commissioner of Excess Profits Tax, Hyderabad v. M/s. S. R. V. G. Press Company, Kurnool
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 are of the view that the High Court was right in answering the question in the negative.
Judgment, page 7
From the headnote
Excess Profits Tax-Sales Tax-Provisional payment in advance, if permissible deduction-Excess Profits Tax Act, r940 (XV of r940), r. I2, Sch. I. ,1 • • The respondents were entitled to a rebate of sales tax on '. goods purchased by them and used,in their manufacturing process. They had adopted the system which was permissible under law, " ·\ 1 S. .R. SUPREME COURT REPORTS 233 ' I96I of paying sales tax provisionally assessed by the Sales Tax Officer on the basis of turnover of the previous year, the liability Tl Connnissioner being adjusted at the end of the year of account in the light of " I
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