M/S PANCHSHEEL TEXTILE MANFAC. & TRAD. vs. C I T AND ANR.
ITA/109/2007HC Punjab & Haryana13 May 2025
Bench: MRS. JUSTICE LISA GILL,MRS. JUSTICE SUDEEPTI SHARMA
capital borrowe
Ltd by the Asse
be set aside bein
ANALYSIS OF
28.
A p
that the learned
appellant was no
the previous yea
(O&M) and other connected ca
e fact that even the shares of M
any pledge were not sold duri
of it.
asoning given by the Assessin
r Section 36(1)(iii
