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
31, at page 52 (Cal.)], CIT v. T.V. Sundaram Iyengar & Sons
(P) Ltd. [101 ITR 764, at page 773 (SC)], Engineers Impex Pvt. Ltd. &
Others v. D.D. Sharma [244 ITR 247 (Del.)].
Every statutory provision for imposition of penalty has two
distinct components: -
(i) That which lays down the conditions for imposition of
penalty.
(ii) That which provides for computation
