Supreme Court of India
Commissioner of Income Tax, Calcutta v. Sugauli Sugar Works {p) 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.
From the headnote
Income Tax Act, 1961 : Section 41-Applicability of-Necessary condition for. Assessee-Respondent-Private Limited Company-Assessment year 1965-66-Assessment of tevt-Assessee transferred a sum of Rs. 3,45,000 out of the suspense account running from 1946-47 to 1948-49 to the capital reserve · account-The Income Tax Officer found that an amount of Rs. 1,29,000 was with reference to the deposits and advances which had been paid back and therefore he included a sum of Rs. 2,56,529 under Section 41 of the Income Tax Act in the total income of the assessee-On appeal by assessee Appellate Assistant
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