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 Income Tax Addition Made Towards Unsubstantiated Share Capital Is Eligible For Section 80-IC Deduction: Delhi High Court

Shri Sanjeev Gupta, City Hospital and Maternity Home, Nursing Home Site 2, Opp. Sagar Cinema, Sector 16, Faridabad, Vs. Income Tax Officer, Ward 2(3), Faridabad.
November, 26th 2020

IN THE INCOME TAX APPELLATE TRIBUNAL
DELHI BENCH ‘A’ NEW DELHI

(Through Video Conferencing)

BEFORE SHRI G.S. PANNU, VICE PRESIDENT
AND

SMT. MADHUMITA ROY, JUDICIAL MEMBER

ITA No. 760/Del/2020
Assessment Year : 2011-12

Shri Sanjeev Gupta, vs Income Tax Officer,

City Hospital and Maternity Home, Ward 2(3),

Nursing Home Site 2, Faridabad.

Opp. Sagar Cinema, Sector 16,

Faridabad,

Haryana 121002

(PAN: AAPPG7614P)

(Appellant) (Respondent)

Appellant by: None

Respondent by: Shri M. Baranwal, Sr. DR

Date of hearing : 25 .11.2020

Date of pronouncement : 25.11.2020

ORDER

PER G.S. PANNU, VICE PRESIDENT
This appeal by the assessee is directed against the order of learned

CIT(A), Faridabad dated 31.12.2018 and pertains to assessment year 2011-
12.
ITA 760/D/2020

2. The learned counsel for the assessee, vide letter dated 21.10.2020,
received through email, has requested for withdrawal of the appeal filed by him
and stated that the assessee has opted to settle the dispute relating to the tax
arrears for the assessment years under consideration under the Vivad Se
Vishwas Act, 2020 (in short ‘the Act').

3. Learned Senior DR has no objection.

4. In view of the above, we accept the request of the assessee for withdrawal
of the appeal.

5. In the result, the appeal of the assessee is dismissed as withdrawn.
Above decision was announced on conclusion of Virtual Hearing on 25th

November, 2020.

Sd/- Sd/-

(MADHUMITA ROY) ( G.S. PANNU )
JUDICIAL MEMBER VICE PRESIDENT

‘GS’

Copy forwarded to: -
1. Appellant
2. Respondent
3. CIT
4. CIT(A)
5. DR, ITAT

By Order
Assistant Registrar

 

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