Supreme Court of India

Cambay Electric Supply Industrial Co. Ltd. v. The Commissioner of Income Tax, Gujarat-ii Ahmedabad (and Vice Versa)

Neutral citation
Reported as [1978] 3 S.C.R. 660
Bench Y.V. Chandrachud J.
Decided 11 April 1978

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.

4 Supreme Court benches have cited this judgment.

What the Court ordered

For the aforesaid reasons and particularly on true construction of the provision itself we are of the view that both the Tribunal and the c • 670 SUPREME COURT REPORTS [1978] _3 s.c.R. A High Court were right in taking the view that the item of Rs. 7,55,807 /­ was required to be taken intq_ account while computing the deduction of 8 % contemplated by s.

Judgment, page 10

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