Supreme Court of India

Commissioner of Income Tax v. M/s. Hindustan Bulk Carriers

Neutral citation

Reported as [2002] SUPP. 5 S.C.R. 387

Bench M.B. Shah, Arijit Pasayat and D.M. Dharmadhikari JJ.

Decided 17 December 2002

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.

9 Supreme Court benches have cited this judgment.

From the headnote

Income Tax Act, 196/: Sections 2(4), 142-144, 147, 208, 220, 234A, 234B, 234C, 245 , 245D(4) and 245D(6): Application disclosing undisclosed income-Default in payment of advance tax-Levy of interest-Period of levying of interest-Held, since assessee defaulted in payment of correct advance tax, interest could be levied under the provisions of the Act-Harmonizing various provision of the Act, vis-8'-vis legislative intent in introduction of Chapter XIX- , the period for which such interest could be levied starts from I st day of April following r~levant financial year up to the date of Order by

Authorities it was built on

1962 Gursahai Saigal v. Commissioner of Income-tax, Punjab cited by 27
2001 Commissioner of Income Tax, Mumbai v. Anjum M.H. Ghaswala and Ors. cited by 11

Where later benches applied it

2022 Kalyan Dombivali Municipal Corporation v. Sanjay Gajanan Gharat and Another relied on
2018 Indore Development Authority v. Shailendra (dead) through Lrs. & Ors. relied on
2025 Assistant Commissioner of Income Tax (international Taxation) & Others v. Shelf Drilling Ron Tappmeyer Ltd. Etc. referred to
2025 The Municipal Corporation of Greater Mumbai & Ors. v. Century Textiles and Industries Limited & Ors. referred to
2024 Union of India & Ors. v. Rajeev Bansal referred to
2023 M/s N. N. Global Mercantile Private Limited v. M/s Indo Unique Flame Ltd. & Ors. referred to
2021 Sanjay Ramdas Patil v. Sanjay and Others referred to
2020 Indore Development Authority v. Manoharlal & Ors. Etc. referred to
2010 Brij Lal & Ors. v. Commissioner of Income Tax Act, 1961 referred to

Of those, 2 relied on · 7 referred to

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