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
forward loss of Rs.
15,53,487.72 originally claimed by the appellant was reduced
to Rs. 11,02,225.00.
By order dated nil September, 2002, the Deputy
Commissioner of Income Tax levied a penalty of Rs.
31,71,692.00. He distinguished the decision of the Punjab
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and Haryana High Court
