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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

Varun Gupta, C52, Shakti Nagar Extension, Delhi Vs ITO, Ward47(4), Room No. 406, 4th Floor, BlockD, Pratyakash Kar Bhawan, Civic Centre, JL Nehru Marg, New Delhi
October, 23rd 2020

This is an appeal filed by the assessee against the order of the Id CIT(A)-21, New Delhi dated 12.08.2015 for the Assessment Year 2011-12 wherein the appeal filed by the assessee against the order passed u/s 143 (3) of the act by the income tax officer Ward 47 (4), New Delhi dated 20 March 2014 was dismissed.

The action of the learned CIT(A) in upholding the addition levied by A.O of Rs. 57,00,240/- u/s 68 is unjust, illegal, arbitrary, illusory and the disallowance may kindly be quashed.

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