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

M/s. Can Pack Spolka Akeyjna C/o. Sudit K. Parekh & Co Ballard House, 2nd Floor, Adi Marzban Path, Ballard Pier, Fort Mumbai- 400 001 Vs. Income Tax Officer, Ward 1(1)-4 Aayakar Bhavan, M.K. Road Mumbai- 400 020
April, 03rd 2014
                 IN THE INCOME TAX APPELLATE TRIBUNAL,
                       MUMBAI BENCH "C", MUMBAI
          BEFORE SHRI R.C SHARMA, ACCOUNTANT MEMBER AND
                 DR. S.T.M. PAVALAN, JUDICIAL MEMBER
                            ITA No. 402/Mum/2013
                            Assessment Year: 2010-11
         M/s. Can Pack Spolka                Income Tax Officer,
         Akeyjna                             Ward 1(1)-4 Aayakar
         C/o. Sudit K. Parekh & Co       Vs. Bhavan, M.K. Road
         Ballard House, 2nd Floor, Adi       Mumbai- 400 020
         Marzban Path, Ballard Pier,
         Fort Mumbai- 400 001
                (Appellant)                             (Respondent)
                  Permanent Account No. :-AADCC 7329 Q
                          Assessee by     :   Ms. Dipna Agte
                           Revenue by     :   Shri M. L. Perumal

                     Date of hearing  : 01.04.2014
                Date of Pronouncement : 01.04.2014

                                     ORDER
PER DR. S.T.M. PAVALAN, JM:

       This appeal filed by the Assessee is directed against the order of the
Ld.CIT(A)-1, Mumbai dated 31.10.2012 for the Assessment Year 2010-11.

2.     At the time of hearing, the assessee has placed on record a letter dated
31.03.2014 requesting for the permission to withdraw its appeal. The learned
Departmental Representative did not raise any objection to such prayer. We,
therefore, permit the assessee to withdraw its appeal, which hereby stands
dismissed as withdrawn.






3.     In the result. the appeal filed by the Assessee is dismissed as withdrawn.

      Order pronounced in the open court on this 1st day of April, 2014.


             Sd/-                                                  Sd/-
       (R.C. SHARMA)                                      (Dr. S.T.M. PAVALAN)
     ACCOUNTANT MEMBER                                     JUDICIAL MEMBER

Mumbai, Dated: 01.04.2014.
*Srivastava
                                                                ITA No. 402/Mum/2013
                                        2                     M/s. Can Pack Spolka Akeyjna
                                                                Assessment Year: 2010-11



Copy to: The Appellant
         The Respondent
         The CIT, Concerned, Mumbai
         The CIT(A) Concerned, Mumbai
         The DR "C" Bench

                              //True Copy//


                                                By Order

                                    Dy/Asstt. Registrar, ITAT, Mumbai.





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