TMI Blog2011 (5) TMI 1138X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 the same as Capital Expenditure. 2. On the facts and in the circumstan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re 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 by the learned CIT(A) were according to the assessment order. She had no further con ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing 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 this year should invariably be taken as opening stock for the subsequent year. Finding ..... X X X X Extracts X X X X X X X X Extracts X X X X
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