The Commissioner Of Income Tax vs Usha Stud And Agriculatural Farms Pvt. ... on 3 March, 2005
dated 29.9.2010 and the decision of Hon'ble Delhi
High Court in Usha Stud and Agriculture Farm (supra) also supports the
view of the ld.AR. In view of the above facts and precedents, I am of the
considered opinion that no enhancement of income is called for. The
proposal of the AO is accordingly rejected ".