https://www.taxtmi.com/caselaws?id=13179 The court ruled in favor of the assessee, a Union of Co-operative Societies engaged in marketing milk and milk products, in a case involving the interpretation and application of Section 35C of the Income-tax Act, 1961. The court held that the entire expenditure of Rs. 43,69,466 was eligible for weighted deduction under Section 35C for the assessment year 1978-79. It emphasized that expenses such as artificial insemination, cross-breeding, and fodder growing expenses were eligible for deduction, rejecting the Tribunal's restrictive interpretation. The court allowed the assessee to claim the full deduction, except for items already adjudicated by the Income-tax Officer. en-us Mon, 02 Jul 2001 00:00:00 +0530 Tue, 26 May 2009 18:11:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13179 The court ruled in favor of the assessee, a Union of Co-operative Societies engaged in marketing milk and milk products, in a case involving the interpretation and application of Section 35C of the Income-tax Act, 1961. The court held that the entire expenditure of Rs. 43,69,466 was eligible for weighted deduction under Section 35C for the assessment year 1978-79. It emphasized that expenses such as artificial insemination, cross-breeding, and fodder growing expenses were eligible for deduction, rejecting the Tribunal's restrictive interpretation. The court allowed the assessee to claim the full deduction, except for items already adjudicated by the Income-tax Officer. Case-Laws Income Tax Mon, 02 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13179