P.K. Cotton Mills Pvt. Ltd., Meerut vs Cit, Meerut on 18 November, 2016
loss of Rs.1,75,74,887/- on the total turnover of
Rs.1,69,62,106/-;
(b) the loss on sale of machinery ... sale and purchase of any asset under any
block can only increase/decrease in value of block and
depreciation can be accordingly claimed/allowed