Supreme Court of India
Gujarat Industrial Development Corporation v. The 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.
1 Supreme Court bench has cited this judgment.
What the Court ordered
In the result, we allow these appeals, set aside the judgment under challenge.
Judgment, page 7
From the headnote
Income Tax Act, 1961-Section 10(20A)-Gujarat Industrial Develop ment Act, 1962-Section 2(9)(n) & 13-lncome of Appellant from industrial development-Whether falls within ''planning, development or improvement of cities, towards villages or both''-Held, yes. The Appellant Corporation was formed under the Gujarat In dustrial Development Act, 1962, for the the purpose of securing the orderly establishment of industries in the State of Gujarat. The Appellant claimed exemption from payment of Income Tax under Sec. 10(20A) of the Act of 1961. The claim of the Appellant was disallowed by the Income
Where later benches applied it
Of those, 1 referred to
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