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

Shri Champaklal Bapulal Shah C/o. M/s.Shah Champaklal Bapulal Bazar, Palej, Dist. Bharuch. Vs. CIT, Cent.I Ahmedabad.
December, 09th 2013
          ,          ,  Û ``SMC'',  
        IN THE INCOME TAX APPELLATE TRIBUNAL AT AHMEDABAD,
                            "SMC" BENCH
                 [^ ^ ... .,  Ú¢                ¢ 
                BEFORE SHRI G.C. GUPTA, VICE-PRESIDENT

                        ITA No.1356/Ahd/2011
                       [Asstt.Year : 2006-2007]

Shri Champaklal Bapulal Shah                 /Vs.      CIT, Cent.I
C/o. M/s.Shah Champaklal Bapulal                       Ahmedabad.
Bazar, Palej, Dist. Bharuch.

PAN : AHXPS 2949 A

( / Appellant)                                (× / Respondent)


        /                         :
     Revenue by                       Smt.Subhrata Verma, DR
     [   /                        :
     Assessee by                      None

       /                          :
     Date of Hearing                  17th October, 2013

       /                          :
     Date of Pronouncement            2-12-2012

                               / O R D E R

        This appeal of the assessee for the assessment year 2006-07
is directed against the order of the CIT(A)-II, Ahmedabad dated
28.2.2011.







2.      At the time of hearing of appeal, Shri Viraj Bhavsar,
Chartered Accountant of the assessee has requested for
withdrawal of the appeal preferred by the assessee. The learned
                                                                ITA No.1356/Ahd/2011

DR has no objection to the request of the assessee.                        I have
considered rival submissions.             In view of the request of the
assessee for grant of permission to withdraw the present appeal
before the Tribunal, the appeal is allowed to be withdrawn by the
assessee and is dismissed as withdrawn.

3.     In the result, appeal of the assessee is dismissed.
Order pronounced in Open Court on the date mentioned hereinabove.






                                                                              Sd/-
                                                              ..
                                                             (../G.C. GUPTA)
                                                          Ú¢ /VICE-PRESIDENT
Copy of the order forwarded to:
1)       : Appellant
2)       :   Respondent
3)       :   CIT(A)
4)       :   CIT concerned
5)       :   DR, ITAT.
                                                                        BY ORDER


                                                   DR/AR, ITAT, AHMEDABAD




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