Supreme Court of India
C.I.T., Bombay v. Gwalior Rayon Silk Manufacturing Co. Ltd.
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.
What the Court ordered
We are of the view that the subordinate legislature .accepted the interpretation given .by the High Courts and included roads as integral part of the building.
Judgment, page 13
From the headnote
Income Tax Act 1961 : Section 32. Income Tax (Founh Amendment) Rules 1983. Depreciation allowance-Nature and object of. Roads and drains-Land within factory premises-Necessary adjuncts to factory buildings-Treated as 'building' for purposes of depreciation. Statutory Interpretation : Taxing statutes-Provision for deduction, exemption or relief-To be construed reasonable and in favour of assessee. Administrative Law : Subordinate legislation-Rules validly made have same force as sec tions of Act. Practice and Procedure c Interpretation consistent~y given over years-Accepted and acted upon by
Sign in free to read it
- The full judgment, page by page, as published in the Supreme Court Reports
- The ratio: what the Court held, verbatim, with the page it sits on
- 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.