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

Alodie Estates Pvt. Ltd., New Delhi Vs. The ACIT, Central Circle 2, Room No.363, 3rd Floor, E- 2, ARA Centre, Jhandewalan Extn., New Delhi – 110 055.
January, 20th 2020
       IN THE INCOME TAX APPELLATE TRIBUNAL
              DELHI BENCHES "E": DELHI

  BEFORE SHRI BHAVNESH SAINI, JUDICIAL MEMBER
                       AND
      SHRI O.P. KANT, ACCOUNTANT MEMBER

               C.O. No.287/Del./2016
                    Arising out of
  ITA.No.1730/Del./2016 - Assessment Year 2011-2012

Alodie Estates Pvt. Ltd.,
                                  The ACIT, Central Circle 2,
New Delhi
PAN AAICA1782G                    Room No.363, 3rd Floor, E-
                             vs., 2, ARA Centre,
C/o. M/s. RRA TAXINDIA
D-28, South Extension             Jhandewalan Extn.,
Part-I, New Delhi.                New Delhi ­ 110 055.
      (Cross Objector)                      (Respondent)

                            Shri Somil Aggarwal,
        For Cross Objector :
                                 Advocate.
              For Revenue : Ms. Rakhi Vimal, Sr. DR

           Date of Hearing : 20.01.2020
    Date of Pronouncement : 20.01.2020

                            ORDER

PER BHAVNESH SAINI, J.M.

          Learned    Counsel       for   the     Assessee    seeks

permission   to   withdraw   the    cross      objection   and   an

endorsement is same in the cross objection.
                              2
                                    C.O.No.287/Del./2016 M/s. Alodie
                                           Estates (P) Ltd., New Delhi.







2.         In view of the above, the cross objection of the

Assessee is dismissed as withdrawn.


           Order pronounced in the open Court.


    Sd/-                                Sd/-
   (O.P. KANT)                         (BHAVNESH SAINI)
ACCOUNTANT MEMBER                     JUDICIAL MEMBER

Delhi, Dated 20th January, 2020

VBP/-

Copy to

1.   The appellant
2.   The respondent
3.   CIT(A) concerned
4.   CIT concerned
5.   D.R. ITAT "E" Bench
6.   Guard File

                      // BY Order //




            Asst. Registrar, ITAT, Delhi Benches,
                            Delhi.

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