Supreme Court of India

C.i.t (central), Madras v. Canara Workshops (p) Ltd., Kodialball, Mangalore

Neutral citation
Reported as [1986] 3 S.C.R. 166
Bench R.S. Pathak and Sabyasachi Mukharji JJ.
Decided 15 July 1986

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.

2 Supreme Court benches have cited this judgment.

From the headnote

Income Tax Act, 1961-s. SOE-Profit and gains-Priority in- c dustries-deductions in respect of-how determined. The assessee-company is engaged in the mannfactnre of autombile -4 spares. During the previous year relevant to the assessment year 1966- 67, the assessee also commenced the manufacturing of alloy steels. Both the industries are included in the Fifth Schedule to the Income Tax Act, 1961. The assessee sustained a loss in the alloys steel industry during the previous years relevant to the assessment years 1966-67 and 1967-6S. It claimed a loss in the sum of Rs.15,30,6SS for the

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