Supreme Court of India
The Commissioner of Income Tax, Delhi v. M/s Hindustan Times Ltd. New Delhi
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, I961 : Sections 32(1) and 256 (2). Income Tax-Depreciation-Purchase of existing residential building hy assessee-Wanted to use that building for commercial purposes-Assessee paid commercialisation charges in addition to ground rent-Original building demolished and a new multi-storeyed building constructed by assessee- Assessee paid Rs. 36,96,516 for using the multi-storeyed building for commercial purposes containing an area in excess of original built up , area-Assesse added this amount to the cost of building constructed by it and claimed depreciation on the same-Claim
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