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
69
and 249 ITR 670) will apply even after insertion of
Explanation 4 to Section 271(1)(c) of the Income
Tax Act, 1961 with effect from 1.4.1976?
FACTS (C.A. NO. 7115 OF 2005)
For the assessment year 1996-97, the assessee-appellant
returned an income of Rs. 1,32,44,507.29 subject to
depreciation
