CIT-I CHANDIGARH vs. M/S PB.INFO&COMM. TECH. CORP. LTD. CHD.

The appeals are dismissed

Bench: MS. JUSTICE RITU BAHRI,MRS. JUSTICE MANISHA BATRA

239 CTR 0046. 7. We have heard learned counsel for both the parties at considerable length and have given due deliberations to the contentions raised by them. The respondent-assessee company is admittedly engaged in the business of development and sale of industrial plots and sheds. During the assessment year 2003-04, it had admittedly received an amount of Rs.12.40