Supreme Court of India
Commissioner of Income Tax v. M/s Jindal Steel & Power Limited through its Managing Director
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.
What the Court ordered
We hold that the Tribunal had rightly computed the market value of electricity supplied by the cap tive power plants of the assessee to its industrial units after comparing it with the rate of power available in the open market i.e., the price charged by the State Electricity Board while supplying electricity to the industr ial consumers.
Judgment, page 32
From the headnote
Issue for consideration: All the appeals are by the revenue assailing orders of various high courts dismissing its appeals fi led u/s. 260A of the Income Tax Act, 1961 – The core and common issue raised in all the appeals is the recomputation of deduction u/s. 80 IA of the Income Tax Act, 1961 by the assessing offi cer which was set aside by the Income Tax Appellate Tribunal and upheld by the High Courts by accepting the contention of the assessee. Income Tax Act, 1961 – s.80-IA – The assessing offi cer accepted the claim of the assessee for deduction u/s. 80-IA of the Inc ome Tax Act, 1961, he,
Authorities it was built on
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.