2011 (5) TMI 1138

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.... Paramita Tripathy,DR For the Respondent : Shri P.Venugopal Rao, AR ORDER Shri K.K.Gupta, Accountant Member : This appeal by the Revenue raises the following grounds. "1. On the facts and in the circumstances of the case, the Ld. C1T(A) is not justified in deleting the addition of Rs.81,38,28,655 made by the AO under the head compensatory afforestation expenses(NPV) treating t....

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....he order of the learned CIT(A) incorporates the order which have been followed and are being submitted in the Paper Book which may kindly be perused. 3. The learned DR agreed to the submission of the learned Counsel for the assessee respondent that the issues raised by the Assessing Officer in this appeal remain deliberated upon by the Tribunal on the facts and circumstances as were dealt with ....

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.... enduring benefit to the assessee as a capital expenditure. On the next issue regarding the enhancing the value of the closing stock correspond the opening stock of the succeeding year was also held by the learned CIT(A) when the ITAT, Cuttack in assessee's own case for the Assessment Year 2004-05 in ITA No.126/CTK/2008 has affirmed the principle that the value of the closing stock adopted for thi....