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
6 of 17
by this Court in CIT v. Podar Cement Pvt. Ltd. & Ors., 226 ITR 625
at 648 that where various High Courts have taken different views on
a particular point, then that view which is in favour of the assessee
should be adopted.
It was contended that income will not include loss as income
means positive income
