https://www.taxtmi.com/caselaws?id=281605 The Revenue's appeal against the disallowance of expenses for animal breeding and cooperative development was dismissed. The court found that the issue had been consistently decided in favor of the assessee in previous years, establishing a settled law. The expenses were deemed revenue in nature, following precedents from earlier assessments. The decision emphasizes the importance of consistency, precedent, and categorizing expenses based on their nature in tax matters. The appeal lacked merit due to the established legal principles and past rulings in favor of the assessee. en-us Thu, 06 Sep 2018 00:00:00 +0530 Tue, 18 Apr 2023 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281605 The Revenue's appeal against the disallowance of expenses for animal breeding and cooperative development was dismissed. The court found that the issue had been consistently decided in favor of the assessee in previous years, establishing a settled law. The expenses were deemed revenue in nature, following precedents from earlier assessments. The decision emphasizes the importance of consistency, precedent, and categorizing expenses based on their nature in tax matters. The appeal lacked merit due to the established legal principles and past rulings in favor of the assessee. Case-Laws Income Tax Thu, 06 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281605