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 Attachment on Cash Credit of Assessee under GST Act: Delhi HC directs Bank to Comply Instructions to Vacate
 Income Tax Addition Made Towards Unsubstantiated Share Capital Is Eligible For Section 80-IC Deduction: Delhi High Court

Shri Ajit Kumar Gupta, A-20, Panchwati, Azadpur, Delhi Vs. ACIT, Central Circle 07, New Delhi.
October, 12th 2020

These appeals by the assessee for the assessment year 2014-15 and 2015-16 are directed against the order of learned CIT(A)-24, New Delhi dated 21.12.2018.

The learned counsel for the assessee, vide letter dated 3rd October, 2020 received through email, has requested for withdrawal of the appeals filed by the assessee and stated that the assessee has opted to settle the dispute relating to the tax arrears for the assessment year under consideration under The Direct Tax Vivad se Vishwas Act, 2020. A certificate to this effect under Section 5(1) of The Direct Tax Vivad se Vishwas Act, 2020 has also been filed.

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