Supreme Court of India
Principal Commissioner of Income Tax (central)-i v. Nra Iron & Steel Pvt. 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 – s.68 – Cash credits – Money receive d through Share Capital/Premium from various companies – Ass essing Officer ( .O.) issued show cause notice to responde nt-assessee to establish the genuineness of the transaction – Asse ssee inter alia submitted that the entire Share Capital was received thro ugh normal banking channels by account payee cheques/demand dr afts, and produced documents such as income tax return acknow ledgments to establish the identity and genuineness of the transac tion – .O. issued summons to the representatives of the investor c ompanies – None
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