Supreme Court of India
Ajanta Pharma Ltd. v. Commissioner of Income Tax-9, Mumbai
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
For the above reasons, we set aside the impugned judgment of the High Court and restore the judgment of the Tribunal.
Judgment, page 10
From the headnote
Income Tax Act, 1961 - ss. 115JB and BOHHC - c Assessment of Minimum Alternate Tax (MAT) Company u/s. 115-JB for assessment year 2001-2002 - Deduction in respect of profits retained for export business - Computation of 'book profits' uls. 115-JB - Held: Reduction of 100% export profits, as computed u/s. 80HHC(3), is eligible for reduction under clause (iv) of Explanation to s. 115JB. The appellant, a Minimum Alternate Tax (MAT) Company, filed its return of income for the assessment year 2001-02. It claimed deduction under Section 80HHC of the lncome'-Tax Act, 1961". While computing the 'book
Where later benches applied it
Of those, 1 referred to
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