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Income Tax - Highlights / Catch Notes

Home Highlights September 2014 Year 2014 This

Allowability of Dairy Co-operative Society Development charges – ...


Court Rules Dairy Co-op's Development Charges Allowable as Business Expense, Income Declared by Assessee.

September 29, 2014

Case Laws     Income Tax     HC

Allowability of Dairy Co-operative Society Development charges – 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 - HC

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