2006 (1) TMI 109

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..... ng to pre-layer stage for providing feed and medicines for the chicks is revenue expenditure for the purpose of the assessee's business in poultry farming is valid?" - View taken by the Tribunal cannot be found fault with. Even without the medicines, the birds may lay eggs and even if the medicines are administered, some of the birds might not lay eggs. That cannot be the determining factor for ch .....

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..... -layer stage for providing feed and medicines for the chicks is revenue expenditure for the purpose of the assessee's business in poultry farming is valid?" The relevant assessment year is 1992-93. The assessee was engaged in production and sale of eggs. For the relevant assessment year, the Assessing Officer completed the assessment under section 143(3) of the Income-tax Act and disallowed a su .....

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..... to biological and physical changes in the body and there is no guarantee that all chicks would lay eggs after a particular point of time. The Tribunal further gave a reasoning that a few chicks may not lay eggs at all till their lifetime and as they lay eggs due to biological and physical changes in their body, the facility provided by means of feed and medicines by the assessee might lead to bet .....

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