https://www.taxtmi.com/caselaws?id=369419 The High Court upheld the Tribunal's decision, affirming that expenses incurred for a fertility improvement program were revenue in nature and solely for the business purposes of the cooperative federation, dismissing the Revenue's appeals. The Court emphasized that the program aimed at enhancing fertility without expecting tangible returns, supporting the Tribunal's ruling that the expenditure was solely for business purposes. The treatment of Traveling and Conveyance Expenditure and Lodging and Boarding Expenditure was not extensively addressed, with the Court leaving these issues open for future consideration. en-us Mon, 22 Oct 2018 00:00:00 +0530 Sat, 27 Oct 2018 07:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369419 The High Court upheld the Tribunal's decision, affirming that expenses incurred for a fertility improvement program were revenue in nature and solely for the business purposes of the cooperative federation, dismissing the Revenue's appeals. The Court emphasized that the program aimed at enhancing fertility without expecting tangible returns, supporting the Tribunal's ruling that the expenditure was solely for business purposes. The treatment of Traveling and Conveyance Expenditure and Lodging and Boarding Expenditure was not extensively addressed, with the Court leaving these issues open for future consideration. Case-Laws Income Tax Mon, 22 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369419