Supreme Court of India
Commissioner of Income-tax Bombay v. Maharashtra Sugar Mills Ltd. Bombay
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 for arriving at the taxable income. The rule further says that 'No further deduction shall be made of any expenditure incurred by the assessee as a cultivator or receiver of rent in kind'. If the rule is read with s. 2(1) it is clear that reference to the expenditure incurred by the assessee as a cultivator only applies to the process ordinarily employed by a cultivator in raising the crops and all other incrdental and supple mentary activities up to the stage of sale of the produce, and has nothing to do with disbursements such as payment of managing agency commis sion. [238E- ;
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