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 Attachment on Cash Credit of Assessee under GST Act: Delhi HC directs Bank to Comply Instructions to Vacate
 Income Tax Addition Made Towards Unsubstantiated Share Capital Is Eligible For Section 80-IC Deduction: Delhi High Court

Shri Sanjay Sharma 418, Imperial Block, Supertech Estate Sector 9, Vaishali, Ghaziabad Vs. The A.C.I.T Circle 59(1) New Delhi.
September, 23rd 2020

This appeal by the assessee is preferred against the order of the CIT(A)- 38, New Delhi dated 19.03.2019 pertaining to A.Y. 2015-16.

2. The sum and substance of the grievance of the assessee is that the CIT(A) erred in sustaining the addition of Rs.7,99,173/- out of
sundry creditors outstanding at the close of the A.Y under consideration.

 3. Briefly stated the facts of the case are that the appellant is an individual having source of income from house property, business or
profession and income from other sources. During the course of scrutiny assessment proceedings, the Assessing Officer issued notices under section 133(6) of the Income tax Act, 1961 [hereinafter referred to as 'the Act' for short] to the following parties:

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