Mawa Project's pre-operating expenses classified as revenue expenditure, deemed tax-deductible for dairy business expansion.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Disallowance of pre-operating expense for a “Mawa Project” - revenue v/s capital expenditure - expenditure incurred for expansion of the dairy business of the assessee - allowed as revenue expenditure - AT....