Supreme Court of India
C. I. T. Mumbai v. M/s. Emptee Poly-yarn Pvt. 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.
From the headnote
Income Tax Act, 1961: s. 80 IA - 'Manufacture' - Twisting and texturising of c partially oriented yarn (POY) - HELD: Keeping in view the process in the light of the opinion given by the expert, which has not been controverted, POY is a semi-finished yarn not capable of being put in warp or weft, it can only be used for making a texturized yarn, which, in turn, can be used in the 0 manufacture of fabric - Thus, POY cannot be used directly to manufacture fabric - According to the expert, crimps, bulkiness etc. are introduced by a process, called as thermo mechanical process, into POY which
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