Supreme Court of India
M/s Liberty India v. Commissioner of Income Tax
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: s. 80-IB - Profits and gains derived from eligible business c - Duty drawback receipt/DEPB benefits - HELD: Do not form part of the net profits of eligible industrial undertaking for the purposes of ss. 80-1180-1 /80-IB - Expression "derived from" occurring in s.80-IB is narrower in connotation as compared ...( · to words "attributable to" - By using expression "derived from~ 0 .. • Parliament intended to cover sources not beyond the first degree - Profits derived by way of incentives, namely DEPB · and duty drawback do not fall within the expression "profits derived
Where later benches applied it
Of those, 1 relied on
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