Supreme Court of India
Attar Singh Gurmukh Singh v. Income Tax Officer, Ludhiana Etc.
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/lncome Tax Rules, 1962-Section 40A(3)/ Rule 6DD-Validity of-Applicability to payments made for acquiring stock-in-trade. The assessees in these appeals have made payments · in cash exceeding a sum of Rs.2500 for some of the purchases of stock-in-trade. So while computing the income of the assessees under the head "profits and gains of business" the assessing authority disallowed deduction on. account of such payments held to be in contravention of the terms of section 40A(3) of the Income Tax Act, 1961 read with the Rule 600 of the Income Tax Rules, 1962. The assessees
Sign in free to read it
- The full judgment, page by page, as published in the Supreme Court Reports
- Every bench that relied on it, and every bench that argued against it
- Search every reported judgment, by party, citation or question
- Download the PDF, copy pinpoint citations ready for a filing
An email address, no password.