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Documents citing Principal Commissioner Of Income Tax -4 vs Zydus Wellness Ltd.....Opponent(S) on 3 October, 2017

The Principal Commissioner Of Income ... vs M/S Bajaj Herbals Pvt. Ltd on 3 January, 2023

11. This issue is also covered by the decision of this Court in case of Principal Commissioner of Income-tax-4, Ahmedabad vs. Zydus Wellness Ltd., reported in [2017] 81 taxmann.com 159(Gujarat). We are in complete agreement with the findings of both the CIT(Appeals) and the ITAT that all these expenditures will not have any enduring benefits to the assessee to be termed as Capital Expenses as they are being used in connection with the running of business of the assessee and they will need to be essentially held to be revenue in nature.
Gujarat High Court Cites 22 - Cited by 0 - S G Gokani - Full Document
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