https://www.taxtmi.com/caselaws?id=12632 Expenditure incurred by a sugar mill in supplying pesticides to sugarcane growers at concessional rates was held to be revenue in nature because it was directly connected with improving the growth and yield of sugarcane, the assessee's basic raw material. The absence of any legal obligation to make the supply did not change its business character, and the record showed no extra-commercial consideration. The outlay was therefore deductible in computing business income, with the issue answered in favour of the assessee and against the Revenue. en-us Fri, 11 Jan 2002 00:00:00 +0530 Wed, 20 May 2009 17:09:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12632 Expenditure incurred by a sugar mill in supplying pesticides to sugarcane growers at concessional rates was held to be revenue in nature because it was directly connected with improving the growth and yield of sugarcane, the assessee's basic raw material. The absence of any legal obligation to make the supply did not change its business character, and the record showed no extra-commercial consideration. The outlay was therefore deductible in computing business income, with the issue answered in favour of the assessee and against the Revenue. Case-Laws Income Tax Fri, 11 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12632