Supreme Court of India
Moriroku Ut India {p) Ltd. v. State of U.P. and Ors.
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
We hold that the High Court had erred in holding that the amortization cost calculated in terms of Rule $ of the Excise Valuation Rules; 2000 is includible in the sale price of auto components sold by the appellant herein to its customer, Mis Honda Siel Cars India Ltd.. E.
Judgment, page 24
From the headnote
Taxation - UP Trade Tax Act, 1948 - s.3 r/w s.2(i) and .. (h) - Mis Honda Siel Cars India Ltd. supplied tools, dies, c moulds etc. free of cost to Appellant-assessee to enable it to manufacture plastic automobile components for use in Honda Siel cars - Dispute as to why amortisation cost in respect of footings and moulds should not be taxed uls.3 of the Trade Tax Act - Tax imposed on amortisation cost on ground that sale price of auto components should be the same both for the purposes of the Excise Act and for the Trade Tax Act - Whether amortisation cost of the footings calculated in terms
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