Case Law Details
Sami Labs Ltd Vs DCIT (ITAT Bangalore) – Assessee had to incur cultivation expenses to ensure adequate and steady supply of coleus plants from the farmers which were an essential input for the continuous processing in research and development activities of the assessee. Thus, these expenses incurred by the assessee for a commercial expediency and were wholly and exclusively for the purpose of its business. In essence, the authorities were not justified in disallowing the cultivation expenses of Rs.90.64 lakhs claimed by the assessee.
Sami Labs Ltd. Vs. The Dy. Commissioner of Income Tax
IN THE INCOME TAX APPELLATE TRIBUNAL
“B” BENCH : BANGALORE
ITA No. 417/Bang/2010
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