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

Mr.Krishan Premnarayen 501, Indraprashtha, 5th Floor, Premnarayen Chowk, Linking Road, Santacruz (W), Mumbai-400054 Vs. Asstt. Commissioner of Income Tax Circle 19 (2), Mumbai.
November, 11th 2013
                      ,                  ""          
        IN THE INCOME TAX APPELLATE TRIBUNAL "A" BENCH, MUMBAI

              BEFORE S/SHRI B.R.MITTAL,(JM) AND RAJENDRA (AM)
                ..  ,                                         ,     

                        ./I.T.A. No.8181/Mum/2010
                     (   / Assessment Year : 2003-04)

     Mr.Krishan Premnarayen            /         Asstt. Commissioner of Income Tax
     501, Indraprashtha, 5th Floor,    Vs.       Circle 19 (2),
     Premnarayen Chowk,                          Mumbai.
     Linking Road, Santacruz (W),
     Mumbai-400054
          ( /Appellant)                 ..       (     / Respondent)

           . /   . /PAN/GIR No. : AABPP8827D

              / Assessee by                  :       Shri Sunil Chopra
                 /Respondent by :                    Shri Surendra Kumar


                / Date of Hearing
                                                        : 7.11.2013
               /Date of Pronouncement : 7.11.2013

                                        / O R D E R

Per B.R.Mittal, JM:

        The assessee has filed this appeal for assessment year 2002-03 against order of
ld. CIT(A) dated 31.8.2010.






2.      At the time of hearing, ld. AR filed letter dated 7.11.2013 stating interalia that
the assessee does not wish to pursue the appeal. In view of above letter of the Ld.AR,
the appeal filed by the assessee is dismissed.


3.      In the result, the appeal of the assessee is dismissed as not pressed.


Order pronounced in the open court on the            th November, 2013

                                             7 th November, 2013    

         Sd                                                                sd

       (      /RAJENDRA)                                     (..  /B.R.MITTAL)
   / ACCOUNTANT MEMBER                                          / JUDICIAL MEMBER
  Mumbai:
                 7/11/2013
                                             I.T.A. No.8181/Mum/2010
                            2







. ../ SRL , Sr. PS
        /Copy of the Order forwarded to :
1.  / The Appellant
2.  / The Respondent.
3.     () / The CIT(A)- concerned
4.      / CIT concerned
5.      ,     ,                   /
     DR, ITAT, Mumbai concerned
6.     / Guard file.
                                              / BY ORDER,
            True copy
                                        (Asstt. Registrar)
                              ,  /ITAT, Mumbai

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