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

M/s. Superior Portfolio Pvt. Limited, 4663, Ansari Road, Daryaganj, Delhi-110002 vs Income Tax Officer Ward- 24 (4), New Delhi
April, 24th 2019
       IN THE INCOME TAX APPELLATE TRIBUNAL
                 DELHI BENCH `SMC', NEW DELHI

     BEFORE SH. N. K. BILLAIYA, ACCOUNTANT MEMBER

                        ITA No.7577/DEL/2018
                       Assessment Year: 2015-16

     M/s. Superior Portfolio Pvt.       Income Tax Officer
     Limited, 4663, Ansari Road, Vs     Ward- 24 (4), New Delhi
     Daryaganj, Delhi-110002
     PAN No. AABCS0119C
     (APPELLANT)                        (RESPONDENT)



     Appellant by                     None
     Respondent by                    Sh. S. L. Anuragi, Sr. DR


     Date of hearing:                 24/04/2019
     Date of Pronouncement:           24/04/2019



                                 ORDER

PER N. K. BILLAIYA, AM:


       This appeal by the assessee is preferred against the order of
the CIT(A)-8, Delhi Ghaziabad dated 25.09.2018 pertaining to A.
Y. 2015-16.


2.     None put in appearance on behalf of the assessee when the
appeal was called for hearing today i.e. 24.04.2019 nor any
                                   2







request for adjournment was filed. The notice of hearing sent
through Registered AD post returned back unserved. This gives
an impression that the assessee is not interested in pursuing the
appeal filed. We, therefore, have no option but to dismiss the
appeal preferred by the assessee, placing reliance on the ratio of
decisions in the following cases :-


     1. CIT Vs. Multiplan (India) Pvt. Ltd. 38 ITD 320 (Del);
     2. Late Tukoji Rao Holkar Vs. CWT (1996) 223 ITR 480 (MP)


3.     In the result, the appeal is filed by the assessee is
dismissed.







         Order pronounced in the open court on 24.04.2019.




                                            Sd/-
                                       (N. K. BILLAIYA)
                                    ACCOUNTANT MEMBER
*NEHA*
Date:- .04.2019
Copy forwarded to:
1.     Appellant
2.     Respondent
3.     CIT
4.     CIT(Appeals)
5.     DR: ITAT
                                             ASSISTANT REGISTRAR
                                                 ITAT NEW DELHI
                             3




Date of dictation                               24.04.2019
Date on which the typed draft is placed         24.04.2019
before the dictating Member
Date on which the typed draft is placed         24.04.2019
before the Other member
Date on which the approved draft comes to       24.04.2019
the Sr.PS/PS
Date on which the fair order is placed before   24.04.2019
the Dictating Member for Pronouncement
Date on which the fair order comes back to      24.04.2019
the Sr. PS/ PS
Date on which the final order is uploaded       24.04.2019
on the website of ITAT
Date on which the file goes to the Bench        24.04.2019
Clerk
Date on which file goes to the Head Clerk.
The date on which file goes to the Assistant
Registrar for signature on the order
Date of dispatch of the Order

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