https://www.taxtmi.com/caselaws?id=382185 The Court upheld the decision of the Appellate Tribunal regarding the deletion of Animal Breeding Expenses as capital expenditure for the Assessment Year 2012-13. The Court found that the expenditure aimed at fertility improvement among milk animals was general in nature, aimed at improving practices for better fertility without tangible returns expected, and was for the purpose of the business, not capital in nature. The Supreme Court dismissed the Revenue's Special Leave Petition on 26th April 2019, affirming the lower court's decision. en-us Mon, 24 Jun 2019 00:00:00 +0530 Thu, 27 Jun 2019 07:39:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382185 The Court upheld the decision of the Appellate Tribunal regarding the deletion of Animal Breeding Expenses as capital expenditure for the Assessment Year 2012-13. The Court found that the expenditure aimed at fertility improvement among milk animals was general in nature, aimed at improving practices for better fertility without tangible returns expected, and was for the purpose of the business, not capital in nature. The Supreme Court dismissed the Revenue's Special Leave Petition on 26th April 2019, affirming the lower court's decision. Case-Laws Income Tax Mon, 24 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382185