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

Pawan Kumar Arya & Ors. vs Ravi Kumar Arya & Ors.
July, 03rd 2018
                                                      1

     ITEM NO.40                               COURT NO.6               SECTION IX

                                  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).    9971-9972/2018

     (Arising out of impugned final judgment and order dated 21-12-2017
     in NOML No. 2541/2017 21-12-2017 in AL No. 447/2017 passed by the
     High Court Of Judicature At Bombay)

     PAWAN KUMAR ARYA & ORS.                                            Petitioner(s)

                                                     VERSUS

     RAVI KUMAR ARYA & ORS.                                             Respondent(s)

     (FOR ADMISSION and I.R. and IA No.56266/2018-PERMISSION TO FILE
     ADDITIONAL DOCUMENTS)

     Date : 07-05-2018 These petitions were called on for hearing today.

     CORAM :                 HON'BLE MR. JUSTICE A.K. SIKRI
                             HON'BLE MR. JUSTICE ASHOK BHUSHAN


     For Petitioner(s)                 Dr. A.M. Singhvi, Adv.
                                       Mr. Vivek A. Vashi, AOR
                                       Ms. Alya Khan, Adv.

     For Respondent(s)                 Mr.   Mukul Rohtagi, Sr. Adv.
                                       Mr.   Chander Uday Singh, SR. Adv.
                                       Mr.   Bhargava V. Desai, AOR
                                       Mr.   Akshat Malpani, Adv.
                                       Mr.   Siddhesh Bhole, Adv.

                                       Mr. Haresh M. Jagtiani, Sr. Adv.
                                       Mr. Rahul Gupta, AOR







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

                         After hearing learned counsel for both the parties and when it

     is specifically pleaded by them that in the first instance the
Signature Not Verified


     matter be referred to mediation. We pass the following order:
Digitally signed by
ASHWANI KUMAR
Date: 2018.05.09
15:47:09 IST
Reason:


     1.                  Mr. S.J. Vazifdar, Retired Chief Justice of Punjab & Haryana

     High Court is hereby appointed as Mediator in respect of PA Group
                                          2

and RA Group to implement the family arrangement and settlement

amongst themselves under the consent decree dated 14.08.2015.

2.   The   Mediator   is    requested         to   endeavour       to   complete    the

process of mediation on or before 30.07. 2018.

     List the matter for further directions on 03.08.2018.

3.   The   respondents     are   restrained         from   in    any   manner   selling

and/or dealing with and/or disposing of the Annexure-A Flats/PA






Kash Foods property (as defined and described in the consent decree

dated 14.08.2015) until further orders.

     The   Mediator    shall     decide       his    fee   and     other   incidental

expenses on his own.



(ASHWANI THAKUR)                                                (MALA KUMARI SHARMA)
COURT MASTER (SH)                                                   COURT MASTER

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