https://www.taxtmi.com/caselaws?id=750916 Delhi HC upheld ITSC order granting Section 80IC deductions and immunity from penalty/prosecution, finding no evidence to doubt claims and noting prior AO approvals for similar years. However, HC set aside ITSC's addition of INR 11.26 crores regarding share capital from one investor, as the same funds were already taxed in that entity's hands. HC also rejected ITSC's denial of 80IC benefits on unsubstantiated share capital, ruling Section 115BBE was inapplicable as it didn't exist during relevant assessment years. Petitioner granted consequential reliefs. en-us Mon, 01 Apr 2024 00:00:00 +0530 Wed, 09 Jul 2025 15:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750916 Delhi HC upheld ITSC order granting Section 80IC deductions and immunity from penalty/prosecution, finding no evidence to doubt claims and noting prior AO approvals for similar years. However, HC set aside ITSC's addition of INR 11.26 crores regarding share capital from one investor, as the same funds were already taxed in that entity's hands. HC also rejected ITSC's denial of 80IC benefits on unsubstantiated share capital, ruling Section 115BBE was inapplicable as it didn't exist during relevant assessment years. Petitioner granted consequential reliefs. Case-Laws Income Tax Mon, 01 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750916