M/S PANCHSHEEL TEXTILE MANFAC. & TRAD. vs. C I T AND ANR.

Bench: MRS. JUSTICE LISA GILL,MRS. JUSTICE SUDEEPTI SHARMA

capital borrow profession. scriptions paid periodically Mutual Benefit Societies which fu ibed, shall be deemed to be cap is clause;” .07.2006 passed by learned Inco ced as under:- see was not earlier engaged in However, from the previous ye 99, it has started the business ave been purchased and some s d in tion and 000- 006 uses