https://www.taxtmi.com/caselaws?id=67409 The parental flock reared by the assessee was determined not to be stock-in-trade, and expenses for procuring the flock were considered revenue expenditure. The accounting methods suggested by the Institute of Chartered Accountants of India were deemed sustainable, and the application of section 145 of the IT Act for valuing hatching eggs was found not sustainable. The cross-objection by the assessee was partially considered, and an appeal related to an order under section 263 of the IT Act was dismissed as infructuous. Overall, the appeals and cross-objection were dismissed. en-us Tue, 22 Oct 1996 00:00:00 +0530 Thu, 10 Mar 2011 14:24:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67409 The parental flock reared by the assessee was determined not to be stock-in-trade, and expenses for procuring the flock were considered revenue expenditure. The accounting methods suggested by the Institute of Chartered Accountants of India were deemed sustainable, and the application of section 145 of the IT Act for valuing hatching eggs was found not sustainable. The cross-objection by the assessee was partially considered, and an appeal related to an order under section 263 of the IT Act was dismissed as infructuous. Overall, the appeals and cross-objection were dismissed. Case-Laws Income Tax Tue, 22 Oct 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67409