Supreme Court of India

Hoogly Trust (private) Ltd. v. Commissioner of Income-tax, West Bengal and Andaman and Nicobar Islands

Neutral citation
Reported as [1969] 3 S.C.R. 557
Bench J.C. Shah J.
Decided 4 February 1969

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.

1 Supreme Court bench has cited this judgment.

From the headnote

rncome-tax Act (11 of 1922), s. 24(2) (before its amendment by the Finance Act of 1955)-Business in several commodities--Lcss in one­ Set off claimed against profits in others--QuesUon of fact-When High Court can examine its correctness. The asses.see carried on. business· in several commodities including cloth. In tlie assessment years 1953-54 and 1954-55 the assessee suffered loss in cloth business, and it was determined for the purposes of s. 24(2) of the Income-tax Act, 1922 (as it stood before the amendment in 1955). During the subsequent three assessment years, the Income-tax Officer

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Where later benches applied it

Of those, 1 mentioned

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