Supreme Court of India
Pr. Al. M. M. Annamalai Chettiar v. Commissioner of Income-tax, 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.
From the headnote
Income Tax-Purchase and sale of property in Mal.aya-Purchase in Japanese currency and sale in J,,falayan Currency-Method of coniputing profit and loss. · The assessee whose head office was in India was also carrying on busi nciS in the Federated Malaya States. In respect of the assessment year 1951-52, the assessee claimed that a loss Vt'as incurred as a result of the sale of house properties and rubber gardens. Those properties were pur chased by the assessee, in Malaya, during the Japanese occupation, in Japanese currency, but sold in Malayan currency after enemy occupation had ceased.
Sign in free to read it
- The full judgment, page by page, as published in the Supreme Court Reports
- Every bench that relied on it, and every bench that argued against it
- Search every reported judgment, by party, citation or question
- Download the PDF, copy pinpoint citations ready for a filing
An email address, no password.