Supreme Court of India

Siddheshwar Sahakari Sakhar Karkhana Ltd. v. C.I.T., Kolhapur and Ors.

Neutral citation
Reported as [2004] SUPP. 4 S.C.R. 155
Bench P. Venkatarama Reddi and Ruma Pal JJ.
Decided 8 September 2004

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.

1 Supreme Court bench has cited this judgment.

What the Court ordered

We are of the view that the ratio ·of that F decision cannot be pressed into service in the present case.

Judgment, page 28

From the headnote

Income Tax Act, 1961-Compulsory deductions from cane growers made by sugar co-operative societies-repayment on occurrence of specified event of repayment of govt. loans-Held, is a deposit-Events not uncertain­ Further Held, deposits belong to members-Dominion with such members. Refundable and Non-Refundable deposits-Payment of interest credited to individual member's accounts-Refund on the happening of certain event-Held, such clear deposits liable to be excluded from the income of the co-operative societies. Maharashtra Co-operative Societies Act, 1960-Deduction made by assessee societies

Where later benches applied it

Of those, 1 mentioned

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