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Case Law Details

Case Name : DCIT Vs M/s Japfa Comfeed India Pvt Ltd. (ITAT Delhi)
Related Assessment Year : 2007- 08
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DCIT Vs M/s Japfa Com feed India Pvt Ltd. (ITAT Delhi), I.T.A. No. 813/Del/2011, Dated: June 30, 2011

During the assessment proceedings,, it was noted by the Assessing Officer that the assessee sold land at Pune for a consideration of Rs. 18 lakhs and accordingly worked out long term capital loss on sale of such property. However, the valuation of the land was adopted by stamp valuation authority at Rs. 20 lakhs. The assessee was, therefore, asked to show cause as to

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