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

Balgopal Holdings &Traders Ltd. 307, 3rd Floor, Trade World B-Wing, Kamala City, Senapati Bapat Marg. Lower Parel Mumbai 400 013 Vs. ACIT CIR-6(1) R.No. 506 Aayakar Bhavan M.K.Road Mumbai 020
July, 21st 2014
                IN THE INCOME TAX APPELLATE TRIBUNAL,
                      MUMBAI BENCH "B", MUMBAI
        BEFORE SHRI SANJAY ARORA, ACCOUNTANT MEMBER AND
                DR. S.T.M. PAVALAN, JUDICIAL MEMBER
                       ITA No. 2905/Mum/2013
                        Assessment Year: 2009-10
         Balgopal Holdings &Traders         ACIT CIR-6(1)
         Ltd.                               R.No. 506 Aayakar Bhavan
         307, 3rd Floor, Trade World    Vs. M.K.Road Mumbai 020
         B-Wing, Kamala City,
         Senapati Bapat Marg. Lower
         Parel Mumbai 400 013
               (Appellant)                             (Respondent)
                  Permanent Account No. :-AAACB 2492 G
                          Assessee by    :   None
                           Revenue by    :   Shri Satyanarayan Raju

                     Date of hearing  : 17.07.2014
                Date of Pronouncement : 17.07.2014

                                   ORDER

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

      This appeal filed by the Assessee is directed against the order of the
Ld.CIT(A) Mumbai dated 28.02.2013 for the Assessment Year 2009-10.






2.    At the time of hearing the Assessee has placed on record a letter dated
15.07.2014 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dismissed as withdrawn.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    In the result the appeal filed by the Assessee is dismissed as withdrawn.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 17th day of July 2014.

             Sd/-                                                 Sd/-
       (SANJAY ARORA)                                     (Dr. S.T.M. PAVALAN)
     ACCOUNTANT MEMBER                                     JUDICIAL MEMBER

Mumbai, Dated: 17.07.2014.
*Srivastava
                                                                  ITA No. 2905/Mum/2013
                                        2                      Balgopal Holdings &Traders Ltd.
                                                                   Assessment Year: 2009-10









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

                                                By Order

                                    Dy/Asstt. Registrar, ITAT, Mumbai.

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