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

M/s United Healthcare (India) Pvt. Ltd., 3B, B Wing, Third Floor, Vs. Income Tax Officer (OSD)(TDS) -3(1), 10th floor, Room No. 1013,
March, 26th 2014
                        "A"              

IN THE INCOME TAX APPELLATE TRIBUNAL "A"       BENCH,     MUMBAI

  .. ,     . . ..                                     
  BEFORE SHRI P.M. JAGTAP, AM AND Dr. S.T.M. PAVALAN, JM
             ./I.T.A. No.666 & 690 /Mum/2011
              (      /
                 Assessment Year : 2007-2008
             ./I.T.A. No.668 & 691 /Mum/2011
           (   / Assessment Year : 2008-2009
             ./I.T.A. No.669 & 692 /Mum/2011
           (   / Assessment Year : 2009-2010
             ./I.T.A. No.671 & 693 /Mum/2011
           (   / Assessment Year : 2010-2011
  M/s United Healthcare   /         Income Tax Officer
  (India) Pvt. Ltd.,                (OSD)(TDS) -3(1),
                          Vs.
  3B, B Wing, Third                 10 t h floor, Room No.
  Floor,                            1013,
  Gundecha Onclave,                 Smt. K.G. Mittal
  Kherani Road,                     Ayurvedic Hospital,
  Saki Naka,                        Charni Road (West),
  Andheri (E),                      Mumbai ­ 400 002.
  Mumbai ­ 400 072.
       . / PAN :AAACS9480R
     ( /Appellant)        ..           (  / Respondent)

    Appellant by           None (withdrawal letter dtd.
                           14-2-2014)
    Respondent by :            Smt. Neeraja Pradhan


        / Date of Hearing                 : 19-3-2014
       /Date of Pronouncement : 19-3-2014
                                       2         M/s United Healthcare (India) P. Ltd.




                             [  /     ORDER

PER BENCH.                     :

        These eight appeals filed by the assessee are directed against eight
separate orders passed by the ld. CIT(A) ­ 14, Mumbai dated 28-10-2010.

2.      At the time of hearing fixed today i.e. 19-03-2014, the applications filed
by the assessee seeking permission to withdraw these appeals are placed
before us. This request is made by the assessee for the specific reasons
mentioned in these applications and without prejudice to any other appeals
filed by them involving similar issue as involved in the present appeals. Since
the ld. D.R. has not raised any objection in this regard, the permission as
sought by the assessee is granted and these appeals of the assessee are
dismissed as withdrawn.







3.      In the result, the appeals of the assessee are dismissed.
              Order pronounced in the open court on 19th March, 2014.
                         .
                                19-03-2014    


             Sd/-                                               sd/-
     (Dr. S.T.M. PAVALAN)                                  (P.M. JAGTAP)
    JUDICIAL MEMBER                                 / ACCOUNTANT MEMBER
 Mumbai;             Dated         19-03-2014.
                                       [
                                            3     M/s United Healthcare (India) P. Ltd.




       . ../ RK , Sr. PS
              /Copy of the Order forwarded to :
1.    / The Appellant
2.     / The Respondent.
3.     () / The CIT(A)--Concerned, Mumbai.
4.      / CIT ­Concerned, Mumbai
5.            ,     ,  / DR, ITAT, Mumbai H Bench

6.     / Guard file.
                                                                          / BY ORDER,

                            //True Copy//
                                                      /  (Dy./Asstt.           Registrar)
                                                          ,   / ITAT, Mumbai





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