https://www.taxtmi.com/caselaws?id=281402 The appeals filed by the revenue under section 260A of the Income Tax Act against the deletion of Animal Breeding & Co-operative Development Expenses as capital expenditure were dismissed. The High Court affirmed that the expenses were not capital in nature but aimed at improving business practices, thus not directly related to tangible returns. The court concluded that the Tribunal's decision did not raise any substantial question of law warranting interference, leading to the dismissal of the appeals. en-us Mon, 03 Dec 2018 00:00:00 +0530 Mon, 17 Jun 2019 21:52:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281402 The appeals filed by the revenue under section 260A of the Income Tax Act against the deletion of Animal Breeding & Co-operative Development Expenses as capital expenditure were dismissed. The High Court affirmed that the expenses were not capital in nature but aimed at improving business practices, thus not directly related to tangible returns. The court concluded that the Tribunal's decision did not raise any substantial question of law warranting interference, leading to the dismissal of the appeals. Case-Laws Income Tax Mon, 03 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281402