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
set aside the order of
assessment and directed the Assessing Officer to frame a fresh
assessment and fresh proceedings concluded with an order of
assessment dated 19.03.2002 in which it was found that the
appellant had a loss of Rs. 11,02,255.00. It was because:
(i)
Since the leasing transactions in respect of
cinematograph films were found
