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
68,94,982.00 was the income in respect of which inaccurate
particulars had been furnished. The tax was computed at Rs.
31,71,692.00. It was held that the tax sought to be evaded
was Rs. 31,71,692.00 and imposed penalty of Rs.
31,71,692.00 (100% of the tax). The Commissioner of Income
Tax confirmed the order
