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

transfer pricing adjustment, it is not permissible to generalise the matter and hold that there was lack of enquiry on the part of the Assessing Officer rendering the assessment order prejudicial to the interests of the Revenue. In our considered view, the learned PCIT is required to specifically identify the transaction which, in his opinion, falls within the scope

ITO, WARD-1, YAMUNA NAGAR vs. M/S JAMNA AUTO INDUSTRIES LTD., YAMUNA NAGAR