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
47,03,120.00. This
was because:
(i)
Disallowance of claim of
depreciation of purchase and
lease of cinematographic films
held to be bogus
Rs. 57,51,520.00
(ii)
Reduction of claim of
depreciation in respect of leasing
vehicles from 40% to 20%.
Rs. 10,28,462.00
(iii)
Unexplained share application
money added back as
unexplained cash credits under
Section
