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

68 of the Act when there is no credit entry in records of the assessee. On the contrary, the amount has been deducted and not credited in the assessee’s books of account. As rightly contended by the assessee, it was incumbent upon the learned PCIT to make at least a minimal enquiry and apply his mind before invoking revisionary

ACIT, CHANDIGARH vs. M/S GLAXO SMITHKLINE ASIA PVT. LTD., GURGAON