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
additional income-tax is
conditioned by the existence of income and profits,
to the total of which income the rate is made
applicable. Unless some other amount, not strictly
income, is by law deemed to be income [see, for
example, Mc Gregor & Balfour Ltd. v.
Commissioner of Income-tax, (1959) 36 ITR 65] we
cannot improve the existing
