JANTA LAND PROMOTERS PVT LTD,MOHALI vs. THE PRINICIPAL COMMISSIONER OF INCOME TAX ,CHANDIGARH-1, CHANDIGARH
In the result, appeal of the Assessee is allowed
ITA 618/CHANDI/2025[2020-2021]Status: DisposedITAT Chandigarh29 Oct 2025AY 2020-2021
For Appellant: Shri Pankaj Bhalla, C.AFor Respondent: Shri Manav Bansal, CIT, DR
Section 143(3)Section 194Section 263Section 68
disallowance can be made by invoking such repealed provision.
26. Per contra, the Ld. DR relied upon paragraph 5.1 & 5.2 of the Ld. PCIT order (reproduced above) and supported the case of the Revenue.
27. We have heard the rival contentions of both parties and perused the material available on record. For invoking the provisions relating to specified domestic transactions
