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

Pragati Finsec Ltd., 204- Triveni Plaza, 17A/56 Karol Bagh New Delhi. Vs. Income-tax Officer, Ward 14(3), New Delhi.
July, 24th 2015
           IN THE INCOME TAX APPELLATE TRIBUNAL
                 (DELHI BENCH "F" NEW DELHI)
          BEFORE SHRI I.C. SUDHIR AND SHRI J.S. REDDY

                         ITA No. 6189 to 6191 /Del/2013
                           Assessment Year: 2002-03
Pragati Finsec Ltd.,                vs. Income-tax Officer,
204- Triveni Plaza, 17A/56 Karol Bagh      Ward 14(3),
New Delhi.                                 New Delhi.
(PAN: AAACP4524B)
      (Appellant)                            (Respondent)

                    Appellant by: None
                   Respondent by: Shri Vikram Sahay ,Senior DR

                          Date of hearing : 23 .07.2015
                   Date of pronouncement: 23 :07.2015

                                  ORDER

PER BENCH:
     The notice for hearing of the appeals for 23.7.2015 i.e. today, sent to

the appellant through Speed Post on 03.07.2015 at the given address at Karol

Bagh, New Delhi has been returned unserved with the remarks of the postal

authority that there is no such applicant in existence on the given address.

Under these circumstances, we are having no option but to dismiss the

appeals in default. The appeals are accordingly dismissed.

      Order pronounced in the open court on 23.07.2015
Sd/- Sd/- ( J.S. REDDY ) ( I.C. SUDHIR ) ACCOUNTANT MEMBER JUDICIAL MEMBER Dated: 23 /07/2015 Mohan Lal 2 Copy forwarded to: 1) Appellant 2) Respondent 3) CIT 4) CIT(Appeals) 5) DR:ITAT ASSISTANT REGISTRAR Date Draft dictated on computer 23.07.2015 Draft placed before author 23.07.2015 Draft proposed & placed before the second member Draft discussed/approved by Second Member. Approved Draft comes to the Sr.PS/PS 24.07.2015 Kept for pronouncement on 23.07.2015 File sent to the Bench Clerk 24.07.2015 Date on which file goes to the AR Date on which file goes to the Head Clerk. Date of dispatch of Order.
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