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

M/s. Ambience Constructions India Ltd vs Commissioner Of Customs And Central Excise, Hyderabad
July, 16th 2018
     ITEM NO.21                              COURT NO.2                         SECTION XII-A
                                   S U P R E M E C O U R T O F              I N D I A
                                           RECORD OF PROCEEDINGS

     Petition(s) for Special Leave to Appeal (C)                        No(s).15869-15870/2018

     (Arising out of impugned final judgment and order dated 23-03-2018
     in CEA No. 39/2013 and CEA No. 84/2017 passed by the High Court Of
     Judicature At Hyderabad For The State Of Telangana And The State Of
     Andhra Pradesh)

     M/S. AMBIENCE CONSTRUCTIONS INDIA LTD                                       Petitioner(s)
                                     VERSUS
     COMMISSIONER OF CUSTOMS AND
     CENTRAL EXCISE, HYDERABAD                                                   Respondent(s)

     (FOR ADMISSION and I.R. )






     Date : 09-07-2018 These petitions were called on for hearing today.

     CORAM :
                          HON'BLE MR. JUSTICE RANJAN GOGOI
                          HON'BLE MRS. JUSTICE R. BANUMATHI
                          HON'BLE MR. JUSTICE NAVIN SINHA

     For Petitioner(s)                    Mr.   V. Lakshmikumaran, Adv.
                                          Mr.   L. Badri Narayanan, Adv.
                                          Mr.   Aditya Bhattacharya, Adv.
                                          Mr.   Victor Das, Adv.
                                          Ms.   Apeksha Mehta, Adv.
                                          Mr.   Manish Rastogi, Adv.
                                          Mr.   Punit Dutt Tyagi, AOR
     For Respondent(s)

                           UPON hearing the counsel the Court made the following
                                              O R D E R

                           Heard    the    learned    counsel    for   the    petitioner   and
                      perused the relevant material.
                           Special     leave      petitions     will   be    considered    and
                      appropriate    orders       will   be   passed    once     the   amount
                      equivalent to 50% interest is paid by the petitioner in
                      the appropriate account of Customs, Excise & Service Tax
                      Appellate Tribunal within eight weeks from today.
Signature Not Verified
List the matter immediately after proof of deposit Digitally signed by NEETU KHAJURIA Date: 2018.07.09 is made by the petitioner. 17:23:11 IST Reason: (NEETU KHAJURIA) (ASHA SONI) COURT MASTER BRANCH OFFICER
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