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
1)(c)(iii)?
ii. What is meant by the term "total income" in
Explanation 4(a)?
Both these questions are fully answered by this Court in
Commissioner of Income Tax, Bombay City v. Elphinstone
Spinning and Weaving Mills Co. Ltd., 40 ITR 142 (SC).
Under the Finance Act, 1951, a provision was enacted to
discourage the declaration of dividend disproportionate
