Supreme Court of India
General Insurance Corporation of India v. Commissioner of Income Tax Bombay
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 opinion that the appeal . deserves to be allowed.
Judgment, page 7
From the headnote
Income Tax Act, 1961-Ss. 30 to 43A, 44 read with Rule 5(a) of the First Schedule-Insurance Company-Amount set apart for redemption of preference shares-Debited to profit and loss account-Whether amounts to expenditure-Held, No-General Insurance Business (Nationalisation) Rules, 1973-Rule 2(2) (a)-Object of Interpretation of statutes Rule of Harmonius Construction-Two provisions contained in two enactments having different purposes to achieve-Held, rule of harmonious construction would not sustain any view creating conflict between the two provisions. Non-obstente clause in S.44-Held, not only
Authorities it was built on
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.