CIT-I CHANDIGARH vs. M/S PB.INFO&COMM. TECH. CORP. LTD. CHD.
The appeals are dismissed
ITA/398/2009HC Punjab & Haryana18 Jan 2023
Bench: MS. JUSTICE RITU BAHRI,MRS. JUSTICE MANISHA BATRA
Section 143Section 271
carried forward losses. The return was processed. On scrutiny, notice under
Section 143 (2) was issued on 07.10.2004. After seeking relevant details
and information from the respondent, its assessment for the concerned year
was finalized. It was observed that the assessee had treated the money
received by sale of plots/sheds as capital receipt and had not accounted for
the closing
