Supreme Court of India
The Stock Exchange, Bombay v. V. S. Kandalgaonkar & Ors.
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.
From the headnote
Income Tax Act, 1961: s.226(3) - Assessee in default of income tax - Such assessee, also declared a defaulter member of Stock Exchange - Priority over debts owed by defaulter member to Stock Exchange and Income Tax Department - Held: Membership card is only a personal permission from Stock Exchange to exercise the rights and privileges that may be given subject to Rules, Bye-Laws and Regulations of Stock Exchange - Therefore, the proceeds of a membership card cannot be paid over to Income Tax Department for the dues of the members -As regards securities deposited with Stock Exchange, the lien
Authorities it was built on
- 2000 Dena Bank v. Bhikhabhai Prabhudas Parekh and Co. and Ors.
- 1991 Triveni Shankar Saxena v. State of Up. and Ors.
- 1974 Vasudev Ramchandra Shelat v. Pranlal Jayanand Thakar and Ors
- 1998 Board of Trustees, Port of Mumbai v. Indian Oil Corporation
- 1995 Videsh Sanchar Nigam Ltd. v. M. V. Kapitan Kud and Ors.
- 2003 Bombay Stock Exchange v. Jaya I. Shah and Anr.
- 1967 Collector of Aurangabad & Anr v. Central Bank of India & Anr.
- 2001 Thestockexchange,ahmedabad v. Asstt. Commissioner of Income Tax, Ahmedabad
- 1963 Jagannatham & Bros. v. Sowdambigai Motol\.s Service
Where later benches applied it
Of those, 1 referred to
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