Supreme Court of India
Commissioner of Income-tax, U.P. v. M/s. Madan Gopal Radhey Lal
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
Jncome-tax-Assessee, dealer in srocks and shares-Receipt of bonus shares in proportion to equity holding-Sale of bonus shares-Whether sale proceeds profits of business or capital. Practice-No application under Income-tax Act, 1922, s. 66(1), challenging finding of fact of Tribunal-Challenge of Tribunal's conc/u. sion-Jurisdiction of High Court to examine whether findings on which conclusion was based are supported by evidence. The assessee, a dealer in shares and securities, held as part of its stock-in-trade, shares of certain companies. The assessee received from those companies, at
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