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
40% was
reduced to 20% (as in the original assessment) and an
amount of Rs. 10,28,462.00 was disallowed.
(vi)
Accordingly, against the total amount of depreciation
claimed at Rs. 1,47,97,994.00, an amount of
Rs. 67,79,982.00 ( Rs. 57,51,520.00 + Rs. 10,28,462.00
= Rs. 67, 79, 982.00) was disallowed.
(vii)
Therefore, the depreciation
