Supreme Court of India
M/s. Surana Steels Pvt. Ltd. Etc. Etc. v. The Deputy Commissioner of Income Tax and Ors.
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.
4 Supreme Court benches have cited this judgment.
What the Court ordered
For the foregoing reasons, C.A. Nos. 44 71 of 1995, 44 72 of 1995 and F C.A. Nos.180-181 (NT)/95 filed by (1) M/s Surana Steels Pvt.
Judgment, page 11
From the headnote
Income Tax Act, 1961 : S. 115-J-Assessee-Book profit-Previous years 'loss' after depreciation-Set off against current year's profit-Validity of Held, 'loss' occurring in clause (b) of the proviso to S. 205(1) of Companies Act means 'loss' arrived at after depreciation-Assessee entitled to set off earlier years' loss against current years profit-Object of S. 115-J Explained- Companies Act, 1956-S. 205(1) proviso clause (b). Interpretation of statutes Legislation by incorporation-Held, the provision is to be read plainly and rules of interpretation to be applied if any ambiguity arises. Words
Authorities it was built on
Where later benches applied it
- 2020 Pandurang Ganpati Chaugule v. Vishwasrao Patil Murgud Sahakari Bank Limited
- 2013 C.N. Paramsivan & Anr. v. Sunrise Plaza Tr. Partner & Ors.
- 2017 Kalpana Mehta and Others v. Union of India and Others
- 2017 Abhiram Singh v. C.D. Commachen (dead) by Lrs. & Ors.
Of those, 2 relied on · 2 referred to
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.