Supreme Court of India
Income Tax Officer, Bangalore v. M/s. Induflex Products (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.
1 Supreme Court bench has cited this judgment.
From the headnote
Income Tax Act, 1961-Section 80HHC-Export business-Declaration by assessee incurring loss in the export of trading goods-Claiming benefit under the provision-Benefit allowed by Assessing Officer but denied by the Commissioner-Tribunal as well as High Court allowed the benefit-In appeal, held: In order to avail benefit u/s 80 HHC profit must be shown to be positivt; profit-Benefit is not available in the event loss is incurred-Since it has not been found by High ·Court whether the assessee had shown any positive profit, matter remitted to High Court to consider this aspect. Respondent-assessee
Where later benches applied it
Of those, 1 mentioned
Sign in free to read it
- The full judgment, page by page, as published in the Supreme Court Reports
- 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.