Supreme Court of India
Sedco Forex International Inc. through It's Constituted Attorney Mr. Navin Sarda v. Commissioner of Income Tax. Meerut & Anr.
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.4488 - Scope and illlerpretation - s.4488 starts. with non obstante clause, and the formula contained therein for computation of income is to be applied irrespective of the provisions of ss.28 to c 41 and ss.43 and 43A of the Act - For assessment under this provision, a sum equal to 10% of the aggregate of the. amounts specified in sub-section "(2) shall be deemed lo be the profits and 0 gains of such business chargeable to tax under the head 'profits and gains of the business or profession' - Sub-section (2) mentions two k)nd~ of amounts which shall he deemed as
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.