High Court Rules Expenditure on Herbal Coleus Plants as Revenue, Valid for Business Operational Costs.

Nature of expenditure - revenue or capital - In order to carry on their business, they were in need of herbal coleus plants. they thought of roping the farmers for growing said herbal plant. They provided seedlings, fertiliser and financial assistance to the farmers with an agreement to deduct the expenses out of the cost of the plaint sold by the farmers. But, even the farmers could not grow the said herbal plant - Expenditure allowed as revenue in nature - HC .....

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