COMMISSIONER OF INCOME TAX-I LUDHIANA vs. M/S VERDHMAN TEXTILES LTD. LUDHIANA

Appeal is dismissed

Bench: MS. JUSTICE RITU BAHRI,MRS. JUSTICE MANISHA BATRA

depreciation under certain circumstances. Against the said order passed by the CIT (A), the asessee filed an appeal before the Tribunal. Before the Tribunal, one of the grounds taken by the assessee was that for the assessment year 1992-1993, the expenses paid to the Madhya Pradesh Electricity Board (MEPB) for the line/bay charges in Anant Spinning and Vardhman Yarn