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
14 of 17
The observations by this Court were not made in any special
context or in the face of a fiction created by the Finance Act, 1951. On
the contrary, the Act set out in the First Schedule as under: -
"For the purposes of this section and of the rates of
tax imposed thereby, the expression ’total income’
means
