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
10,28,462.00
= Rs. 67, 79, 982.00) was disallowed.
(vii)
Therefore, the depreciation allowable was
Rs. 80,18,011.00 (Rs. 1,47,97,995.00 \026 Rs.
67,79,982.00 = Rs. 80,18,011.00)
(viii)
Making a deduction on account of depreciation as in
sub-Paragraph (vii) above, the Appellant was assessed at
a loss
