Supreme Court of India
Commissioner of Income-tax, Madras v. Express Newspapers Ltd., Madras
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.
1 Supreme Court bench has cited this judgment.
What the Court ordered
We hold that the first item is not liable to tax and the High Court bas given th_e correct answer to the first question submitted to it: The second - item relates to capital gains. ·That represents the excess of the price obtained on the sale of the machinery over its original cost price.
Judgment, page 11
Authorities it was built on
Where later benches applied it
Of those, 1 referred to
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