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

ACIT, Central Circle-20, New Delhi Vs. M/s. Micromax Informatics Ltd.,90B, Sector 18, Gurgaon, Haryana
October, 16th 2020

This appeal filed by the Revenue is directed against the order dated 29.06.2016 of the Commissioner of Income Tax (A)- 27, New Delhi relating to Assessment Year 2011-12.

2. The relevant facts as culled from the material on records are as under:

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