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2014 (9) TMI 828 - HC - Income TaxAllowability of Dairy Co-operative Society Development charges – Held that:- The Tribunal as well as CIT(A) have arrived at a finding of fact that the genuineness of the expenses is not doubted by the revenue and thus, when genuineness of the expenses has not been doubted, then it is a finding of fact – the assessee is an apex body responsible for development of dairy activities in cooperative sector in the State of Rajasthan and the primary duty of the assessee is to take into consideration the amount incurred towards the primary level societies from which it is engaged in procurement of milk – the expenses are directly related to the business of the assessee and incurred for commercial expediency - assessee has also charged 'Cess' @1% of the sale value from milk unions for which receipts have been offered as income by the assessee and when income has been offered by the assessee, then the expenditure is certainly allowable as business expenditure – thus, the order of the Tribunal is upheld – Decided against revenue.
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