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2015 (9) TMI 1001 - ITAT HYDERABADAddition on difference in the valuation of banked energy - change in method of valuation - CIT(A) deleted the addition - Held that:- Keeping in view the ratio of the said decision of Hon’ble Supreme Court in the case of CIT vs. Bilhari Investment (P) Limited (2008 (2) TMI 23 - SUPREME COURT), which is squarely applicable to the facts involved in the assessee’s case, the Ld. CIT(A) accepted the method followed by the assessee for valuation of banked power units and deleted the addition made by the A.O. by changing the method of valuation consistently followed by the assessee in the earlier years. In our opinion, the relief allowed by the Ld. CIT(A) to the assessee on this issue is well founded and since the learned D.R. has also not been able to dispute or controvert this position, we find no justifiable reason to interfere with the impugned order of the Ld. CIT(A) giving relief to the assessee on this issue. - Decided against revenue.
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