Supreme Court of India

Mahabir Cold Storage v. Commissioner of Income Tax, Patna

Neutral citation
Reported as [1990] SUPP. 3 S.C.R. 469
Bench Kuldip Singh and K. Ramaswamy JJ.
Decided 7 December 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.

2 Supreme Court benches have cited this judgment.

From the headnote

Income Tax Act, 1961-Section 31( 1)-Development rebate­ Entitlement to unity of ownership and use of asset in business not to be disrupted. The appellant-assessee is a registered fll"DI. It started functioning w .e.f. May 3, 1956 at Purnea as the branch office of tbe partnership firm M/s Prayagchand and Hanumanmal Periwal with its Head Office at Calcutta. The fll"DI consisted of two partners Prayagchand Periwal and Hanumanmal Periwal. The partners had taken loan from Periwal & Co. Pvt. Ltd for erection of cold storage at Purnea and for its running capital. Later, Periwal & Co. was taken as a

Where later benches applied it

Of those, 1 relied on · 1 referred to

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