Supreme Court of India
Commissioner of Income-tax (central) Calcutta v. India Discount Co. 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.
From the headnote
Income-tax Act (11 of 1922), ss. 10 •nd 12-Shares sold with arrear dividends-Amount of arrear dividends received by purchaser-Whether taxable. · The assessee--e. dealer in shares and securities, purchased ceitain shares on which dividends relating to previous years were in arrears. The shares were sold with the arrear dividends. The assessee received the amount of arrear dividends and he first credited this sum to the profit and Joss appropriation account end thereafter transferred the same to a reserve fund. No adjusttnent was made in the share purchase account on account of the receipt of
Sign in free to read it
- The full judgment, page by page, as published in the Supreme Court Reports
- The ratio: what the Court held, verbatim, with the page it sits on
- 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.