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
dividends beyond a
reasonable portion of their income. A rebate was
intended to be given to those who kept within the
limit and an enhanced rate was to be imposed on
those who exceeded it. The law was calculated to
reach those persons who did the latter even if they
resorted to the device of keeping profits back
