TMI BlogAppropriation of profit or Business Expenditure - amount paid to the respective milk suppliers for the...Appropriation of profit or Business Expenditure - amount paid to the respective milk suppliers for the quantity of milk supplied and in terms of the quality supplied - In the facts and circumstances of the case, the amount paid to the milk suppliers and also to non-members cannot be said to be appropriation of profit. - Claim was rightly allowed as business expenditure - SC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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