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
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positive income, no taxes leviable, no penalty can be levied for
concealment of income.
Predominant majority of High Courts to which reference has
been made in the foregoing paragraph have taken the view that the
judgment in the Prithipal Singh’s case holds good in respect of
Section 271(1)(c) as it stood after
