M/S.VIRTUAL SOFT SYSTEMS LTD. vs. COMMISSIONER OF INCOME TAX, DELHI-I
C.A. No.-007115-007115 - 2005Supreme Court06 Feb 2007
For Respondent: Commissioner of Income Tax, Delhi-I
Section 260ASection 271(1)(c)Section 68
340 of 2004 filed by the Revenue and held that the
Tribunal was not right in deleting the penalty imposed under
Section 271(1)(c) of the Income Tax Act, 1961 (for short "the
Act") merely on the ground that the total income of the
assessee was assessed at a minus figure/loss. Tribunal had
allowed the assessee’s appeal remitting
