PILIBHIT ELECTRIC SUPPLY CO.(P) LTD. & ANR. vs SPECIAL OFFICER (ELECTRICITY) & ANR.

The Supreme Court addressed the appeal concerning the judgment and award dated 31st March 1980 under Section 7-A of the Indian Electricity Act, 1910, as amended by U.P. Act 14 of 1976. The Court held that the Special Officer erred in excluding supervision charges from the book value of assets and in making various deductions, including depreciation on works paid for by consumers. The Court ultimately directed the recalculation of the compensation payable to the appellant, emphasizing the correct interpretation of asset valuation under the Act.