Addition U/s. 50C justified even in case of depreciable Asset if Assessee not challenges the value adopted by stamp valuation authority

IN THE ITAT MUMBAI BENCH ‘D’

Rallis India Ltd.

Versus

Additional Commissioner of Income-tax

IT APPEAL NO. 2464 (MUM.) OF 2010

[ASSESSMENT YEAR 2006-07]

SEPTEMBER 14, 2012

ORDER

D. Manmohan, Vice-

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