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

MIHIR KANTI HAZRA Vs. I.T.O W 1(4), Burdwan
September, 10th 2014
                    , Û ""B"" 
       IN THE INCOME TAX APPELLATE TRIBUNAL, "B" BENCH: KOLKATA
      (¢) ^  , Û   ^   ,  
        Before Hon'ble Sri Mahavir Singh, JM & Hon'ble Sri Shamim Yahya, AM
                            É / S.P No. 79/Kol/2014

                          [ In ITA No. 19/Kol/2013 A.Y 2006-07 ]

MIHIR KANTI HAZRA                         Vs.              I.T.O W 1(4), Burdwan
PAN: AASPH8613A
   [ /Applicant]                                            [×/Respondent]
                 /Applicant by             : Shri Soumitra Choudhury, Advocate, ld.AR
                ×/ Respondent by                : Shri David Z. Changthu, ld. ACIT/Sr.DR
                         /Date of Hearing : 08-08-2014
                     /Date of Pronouncement: 08-08-2014
                                         /ORDER
     ^  , Û 
     Shri Mahavir Singh, Judicial Member

         By way of this stay petition the assessee has requested to stay of outstanding
demand of Rs.19,15,710/- for the assessment 2006-07.
2. Shri Soumitra Choudhury, Advocate, learned AR represented on behalf of the assessee has stated that he has no objection in case of early hearing is granted, then stay can be rejected. Shri David Z. Changthu, learned ACIT/Sr.DR has not objected to granting of early hearing. In such circumstances, we fix the appeal for hearing on 28-08-2014. No notice will be issued to either of the party. The appeal is fixed for hearing on 28-08-2014 and the stay is granted.
3. In the result, the above stay petition filed by the assessee is allowed as stated above. Order pronounced in the open Court on 08-08-2014 Sd/- Sd/- [ , ] [ , Û ] [ Shamim Yahya, Accountant Member ] [Mahavir Singh, Judicial Member ] / Dated 08/08/2014 2 S.P No. 79/Kol/14 In ITA No. 19/Kol/13 Sri Mihir Kanti Hazra /Copy of the order forwarded to: 1. /Applicant : Mihir Kanti Hazra Vill + PO Bhandardihi, Dist : Burdwan, Pin 713426. 2 ×/ Respondent : I T O W 1(4), Aaykar Bhawan, Court Compound, Post + Dist Burdwan 713101. 3. / CIT, 4. ()/CIT(A), 5. /DR, Kolkata Benches, Kolkata **PP/SPS [× /True Copy] / By order, /Asstt Registrar.
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