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

Paras Trad elink Pvt. Ltd .A/8-71, Goel Intercity,Opp. T.V. Tower, Drive-in-road , Thaltej Vs. DCIT, Circle-5 Ahemd ab ad
June, 07th 2012
      IN THE INCOME TAX APPELLATE TRIBUNAL AT AHMEDABAD
                       "B" BENCH
     Before: Shri D.K. Tyagi, Judicial Member and
            Shri T.R. Meena, Accountant Member


                           I.T.A. No.2904/Ahd/2011
                                  A. Y. 2008-09


                                           Vs.
       Paras Trad elink Pvt. Ltd .
       A/8-71, Goel Intercity,                     DCIT, Circle-5
       Opp. T.V. Tower, Drive-                     Ahemd ab ad
       in-road , Thaltej
       PAN-AACCP5098E

       Appellant                                   Respondent

        Department by           :      Shri Surabhi Sharma, Sr. D.R.
        Assessee by             :      Shri P.M. Mehta, A.R.

        Date of hearing                :    05.06.2012
        Date of pronouncement          :     05.06.2012

                                        /ORDER


PER : D.K. TYAGI, JUDICIAL MEMBER

             This   is   assessee's   appeal     against   the   order   of   ld.   CIT(A)-XI,

Ahmedabad, dated 08.09.2011 passed in appeal No.CIT(A)-XI/83/10-11.

2.           The only effective ground taken by the assessee in this appeal is

against a disallowance of Rs.2,03,348/- made by the A.O. u/s 14A of the Act which

has been confirmed by ld. CIT(A).
                                                                                      2
I.T.A. No.2904/Ahd/2011
A. Y. 2008-09






3.            At the time of hearing ld. counsel of the assessee, vide letter dated

29th May, 2012, prayed for withdrawing this appeal which was granted after

hearing ld. D.R.

4.            Accordingly, this appeal is dismissed as withdrawn.

      Order pronounced in open Court on        05.06.2012




              Sd/-                                                  Sd/-
        (T.R. Meena)                                        (D.K. Tyagi)
     Accountant Member                                   Judicial Member

                                     True copy


N.K. Chaudhary, Sr. P.S.
     / Copy of Order Forwarded to:-
1.  / Appellant
2.  / Respondent
3.    / Concerned CIT
4.  -  / CIT (A)
5.  ,   ,  / DR, ITAT, Ahmedabad
6. [  / Guard file.
                                                                           By order/  ,




                                                                           / 
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