Supreme Court of India
Indian Oil Corporation v. Income Tax Officer, Central Circle V, Calcutta & Ors.
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, 1961 - S.147(l)(a) - Income escaping assessment - Initiation of proceedings for reassessment - -tNecessary conditions - What are. The assessee at the relevant time was a company incorporated under the laws of the United Kingdom, and had its ·-L principal place of business in India. The assessee was all r along assessed under the Indian Income Tax Act, 1922. The ·assessee had claimed deductions every year of certain expenses tamounting to L 1,00,000 or over as administrative charges incurred by the Burmah Oil Company Limited of London for management and secretarial work carried
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