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
11,02,225.00.
By order dated nil September, 2002, the Deputy
Commissioner of Income Tax levied a penalty of Rs.
31,71,692.00. He distinguished the decision of the Punjab
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and Haryana High Court in Prithipal Singh’s case (supra),
which was affirmed by this Court on the ground that
