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
156 ITR 323 (SC) for the proposition as
to whether word income would include loss. In this
connection, the High Court also referred to CIT, Bombay v.
Elphinstone Spinning & Weaving Mills Company Ltd., 40
ITR 142 (SC).
Section 271(1)(c) was again amended by the Finance Act,
2002. Subsequent amendment was brought to the notice of
the Bench hearing
