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

Gayatri Seva Sansthan, 155, G.T. Road, Panchwati, Ghaziabad. Vs. Addl. CIT, Range 1, Ghaziabad.
August, 19th 2020

This is an appeal filed by the assessee against the order dated 9th March, 2015 passed by the CIT(A), Muzaffarnagar relating to the A.Y. 2010-11.


2. Facts of the case, in brief, are that the assessee is a society engaged in the business of manufacturing of soap. It filed its return of income on 31st August,2010 declaring the total income at Rs.9,84,900/-. During the course of assessment

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