Supreme Court of India
The East India Industries (madras) Private Ltd., Madras & Anr. v. The 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
Indian Income-tax Act, 1922 (Act 11 of 1922), Ss. 4(3)(1) Olld 15- -DoMtion to Trust-One object not charitable in Mture, and income to be utilised for any one of the objects-I/ exempted. The assessee claimed exemption from tax under s. 14- of the Income- 1ax Act, 1922 for a sum donated to a Trust, whose most of tbe objects were charitable and religious in nature. but one was not, and it was open lo the tru!W'.es to utilise the income of any one of the objects to the ex clusion of all other objects. Tbe Revenue rejected the claim for exemp tion, but the Appellate Tribunal allowed it as it
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