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
197 (SC) that
where the predominant majority of the High Courts have taken
certain view of the interpretation of a certain provision, the Supreme
Court would lean in favour of the predominant view.
The contention advanced by the Ld. Counsel appearing for
assesses that when there is no tax, there cannot be any penalty, is
made with reference
