Breed Development Spend Treated as Revenue, Not Capital Expense

ACIT Vs Gujarat Co-operative Milk Marketing Federation Ltd. (ITAT Ahmedabad) Breed Development Spend Is Revenue, Not Capital: ITAT Ahmedabad Dismisses Revenue Appeals in Amul Case ITAT Ahmedabad “D” Bench, in ACIT  vs Gujarat Co-operative Milk Marketing Federation Ltd. (AMUL) (ITA Nos. 1455 to 1459/Ahd/2025 for AYs 2016-17, 2018-19, 2020-21, 2021-22 & 2022-23, order dated 23-12-2025), dismissed all Revenue appeals, holding that co-operative & breed development expenditure is revenue in nature. The assessee incurred substantial expenditure towards co-operative structure strengtheni...