Supreme Court of India
Commissioner of Income Tax, Pune v. Shirke Construction Equipment 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.
What the Court ordered
For the foregoing reasons, we are left with no other option except G to accept the appeal and set aside the impugned judgment.
Judgment, page 5
From the headnote
Income Tax Act, 1961; Ss. 72, 80-AB & 80-HHC: Section 80 HHC-Profit-Adjustment of unabsorbed business losses of c earlier years therefrom in term of s. 72 of the Act-Applicability of s. 80-AB of the Act-Affirming the judgment of the Tribunal, High Court decided the question against the Revenue-On appeal, Held: contrary view was held by this Court in the decided case of IPCA Laboratory Ltd v. Dy. Commissioner of Income tax, Mumbai overruling the judgment impugned in the present case-Under the circumstances impugned judgment set aside. ~ The question arose for determination before this Court in
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