Supreme Court of India
Commissioner of Income-tax, Madhya Pradesh v. M/s. Nandlal Bhandari Mills Ltd.
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 hold that the High Court has given correct answers to questions l and 4 referred to it.
Judgment, page 11
From the headnote
Taxation Laws (Part States) (Removal of Difficulties) Order, 1950, Para 2, proviso-Depreciation allowed to non .. resident company in Part States as well as in India-Fraction of total world income taken as Indian income-Depreciation allowed against total world income whether depreciation 'actually allowed' against Indian income-Computation of written down value after 1950. In the years prior to 1950 the respondent company with headquarters in the erstwhile state of Indore was assessed to tax under the Indore In dustrial Rules, 1927 and also under the Indian Income-tax Act, 1922 in so far as
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