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
84,063 thus converting
the profit into a loss of Rs.2,19,848 for income-tax
purposes, and the company was adjudged not to be
liable to income-tax for the relevant assessment year
1951-52. The company, however, declared dividends
in that year amounting to Rs.3,29,062 and the
question was whether this amount was "excess
dividend" within
