M/S GINNI FILAMENTS LTD.,MATHURA vs. A.C.I.T., RANGE-3, MATHURA

In the result, the appeal of the assessee is partly allowed

Bench: : Shri Laliet Kumar & Dr. Mitha Lal Meena

Depreciation adjustment - 0.85 ----------- ----------- (0.39) 22.93) ----------- ----------- Further, it was submitted that the assessee has been consistently following this policy in the earlier years also and has claimed as allowable expenses u/s. 37 of the Act. 18 14. On the other hand, the ld.DR had drawn our attention to page 12 & 13 of the CIT(A) order where