Supreme Court of India
Jt. C. I. T., Mumbai v. M/s Rolta India 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: ss. 115JA/115JB and 2348!234C - MAT Companies - Interest on tax calculated on book profits - HELD: Interest u/ ss 2348 and 234C shall be payable on failure to pay advance tax in respect of tax payable u/ss 115JA/115JB - Circular No. 0 1312001 dated 9.11.2001 issued by CBDT. The assessee in . . No. 135 of 2011 furnished a return of income on 28.11.1997 declaring total income as Nil. On 28.3.2000, an order u/s 143(3) of the Income Tax Act, 1961 was passed determining the total income as nil after set off of unabsorbed business loss and depreciation. The tax was levied on
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