Supreme Court of India
Commissioner of Income Tax-i v. M/s. Reliance Energy Ltd. (formerly Bses Ltd.) through its M.D.
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.80-IA – Deduction under – eld: The import of s.80-IA is that the ‘total income’ of an assessee is computed by taking into account the allowable deduc tion of the profits and gains derived from the ‘eligible business’ – T here is no limitation on deduction admissible under s.80-IA of the Act to income under the head ‘business’ only . Disposing of the appeals, the Court Held: 1. plain reading of Section 80AB of the Act shows that the provision pertains to determination of the qua ntum of deductible income in the ‘gross total income’. Sect ion 80AB cannot be read to be
Authorities it was built on
- 1978 Cambay Electric Supply Industrial Co. Ltd. v. The Commissioner of Income Tax, Gujarat-ii Ahmedabad (and Vice Versa)
- 1979 Cloth Traders (p) Ltd., Etc v. Addl. Commr. of Income Tax, Gujarat-i, Etc.
- 1986 C.i.t (central), Madras v. Canara Workshops (p) Ltd., Kodialball, Mangalore
- 2008 M/s Synco Industries Ltd. v. Assessing Officer, Income Tax, Mumbai & Anr.
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.