Supreme Court of India
Karnataka Small Scale Industries Development Corporation Ltd. v. Commissioner of Income Tax, Bangalore
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
For the reasons aforesaid, we .have no hesitation in confinning the decision of the High Court and dismissing these appeals with costs.
Judgment, page 11
From the headnote
Income Tax Act, 1961: Section 115-J-Special provisions for assessment of Tax on book profit for certain period/previous years in respect of certain companies-Deductions under other provisions of the Act-Held, such deductions are necessary ingredient of the formula under the said provision of law which is taken into account while assessing notional income for computing tax on book profit. Words and Phrases: 'wfitten down value '-Meaning of The question which arose in these appeals was whether the deductions permissible under the provisions of the Income Tax Act can be considered to have been
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