Supreme Court of India

Saraswati Industrial Syndicate Ltd. v. C.I.T., Haryana, Himachal Pradesh, Delhi

Neutral citation
Reported as [1990] SUPP. 1 S.C.R. 332
Decided 4 September 1990

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.

From the headnote

Income Tax Act, 1961-Section 41( /)-Object and scope of. Income-Tax Act, 1961: Section 41-Application of-Condition -Identity of assessee in previous year and subsequent year to be same-Change in the assessee's identity-No tax liability. Income Tax Act, 1961-Section 41( 1) read with Sections 391 and 394, Companies Act, 1956--Amalgamation of two Companies-Effect­ of-Exemption from tax liability granted to the transferor company whether can be claimed by the transferee company. Under the scheme of amalgamation and order of the High Court under Sections 391 and 394 of the Companies Act, 1956 on

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