2019 (4) TMI 1810 - SCH - Income Tax

Nature of expenditure - fertility improvement program amongst milk animals - revenue or capital - HC held that expenditure was for the purpose of its business and would not be co-relatable to any tangible returns which can be expected out of such expenditure - HELD THAT - No reason to interfere in the matter. The special leave petition is, accordingly, dismissed. However, the question of law is kept open.

Summary

The Supreme Court of India dismissed the special leave petition, with delay condoned. The question of law is kept open, and pending applications will be disposed of.