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
carried
forward the unabsorbed depreciation of Rs. 15,53,487.72
(Rs. 1,47,97,995.01 \026 Rs. 1,32,44,507.29 = Rs. 15,53,487.72)
to the following year. By the assessment order dated
30.03.1999, the Deputy Commissioner of Income-Tax assessed
the appellant’s income at a figure of Rs. 47,03,120.00. This
was because:
(i)
Disallowance
