https://www.taxtmi.com/caselaws?id=58861 The Tribunal partially allowed the department's appeal, upholding the ITO's treatment of the purchase cost of 55 buffaloes as capital expenditure. The Tribunal dismissed the department's argument regarding the taxability of the sale proceeds of 83 buffaloes under section 41(1). The issue of the applicability of section 36(1)(vi) was considered academic and not addressed on merits. en-us Tue, 23 Sep 1986 00:00:00 +0530 Wed, 22 Dec 2010 15:19:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58861 The Tribunal partially allowed the department's appeal, upholding the ITO's treatment of the purchase cost of 55 buffaloes as capital expenditure. The Tribunal dismissed the department's argument regarding the taxability of the sale proceeds of 83 buffaloes under section 41(1). The issue of the applicability of section 36(1)(vi) was considered academic and not addressed on merits. Case-Laws Income Tax Tue, 23 Sep 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58861