Supreme Court of India

Udaipur Sahakari Upbhokta Thok Bhandar Ltd. v. Commissioner of Income-tax

Neutral citation
Reported as [2009] 11 S.C.R. 90
Decided 16 July 2009

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 hold that the High Court was right in coming to the conclusion that the assessee was storing the commodities in question in its godowns· as part of its own i F trading stock, hence it was not entitled to claim deduction for such margin under Section 80P(2)(e) of the 1961 Act.

Judgment, page 25

Where later benches applied it

Of those, 1 relied on

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