2002 (1) TMI 35 - HC - Income Tax

Summary

The High Court of Punjab and Haryana ruled in favor of the assessee, a cooperative society running a sugar mill and distillery, allowing deduction for expenses on supplying pesticides to sugarcane growers. The court found the expense directly connected to the business as sugarcane was the raw material for sugar production. The Revenue's petition was dismissed, and each party was to bear its own costs.