Supreme Court of India
M/s Topman Exports v. Commissioner of Income Tax, 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.
2 Supreme Court benches have cited this judgment.
From the headnote
Income Tax Act, 1961 - ss. 28(iiib) & (iiid) and s.80HHC - Assessment Year 2002-2003 - Whether the entire amount received by an assessee on sale of Duty Entitlement Pass Book ('DEPB') represents profit on transfer of DEPB u/ s.28(iiid) for purpose of computation of deduction in respect of profits retained for export business u/s. 80HHC - Held: o DEPB_ is "cash assistance" receivable by a person against exports under the scheme of the Government of India and falls under clause (iiib) of s.28 and is chargeable to income tax under the head "Profits and Gains of Business or Profession" even
Where later benches applied it
- 2023 M/s. Saraf Exports v. Commissioner of Income Tax, Jaipur-iii
- 2015 Assti. Commr. of L.T. Bangalore v. M/s. Micro Labs Ltd.
Of those, 2 referred to
Sign in free to read it
- The full judgment, page by page, as published in the Supreme Court Reports
- The ratio: what the Court held, verbatim, with the page it sits on
- Every bench that relied on it, and every bench that argued against it
- Search every reported judgment, by party, citation or question
- Download the PDF, copy pinpoint citations ready for a filing
An email address, no password.