Supreme Court of India
Keshavji Ravji & Co. Etc. Etc. v. Commissioner of Income Tax
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.
3 Supreme Court benches have cited this judgment.
What the Court ordered
For the foregoing reasons these appeals are allowed; the orders of the High Court under appeal set-aside and the question of law referred for opinion is answered in the affirmative in terms of para 12 (supra).
Judgment, page 25
From the headnote
Income Tax Act, 1961: .s. 40(b)-Non-deductibility-Interest paid by partner on borrowings from firm-Whether to be set off against interest paid on his capital. Statutory Interpretation: Taxing statutes-Where meaning is plain and unambiguous ascertainment of legislative intent not required Whether literal interpretation leads to result not intended another con struction in consonance with the object to be adopted. express statutory provisions departing from general law will prevail over the latter-Rule of construction-Not applicable invariably in all circumstances-Where a provision is
Authorities it was built on
Where later benches applied it
- 2015 State of Kerala & Ors. v. A. P. Mammikutiy
- 2024 Pernod Ricard India (p) Ltd. v. The State of Madhya Pradesh & Ors.
- 2014 M/s. Hyder Consulting (uk) Ltd. v. Governor, State of Orissa through Chief Engineer
Of those, 1 relied on · 2 referred to
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