2001 (11) TMI 17

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..... llected by the assessee-society out of sugarcane purchase price payable to the cane growers are not the trading receipts of the assessee - Whether, Tribunal is right in deleting the disallowance of Rs. 1,80,359 out of advertisement expenses on account of subhechcha greetings holding that expenditure was necessary to maintain cordial relations with the members and ignoring that the expenses were no .....

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..... lying upon the decision of the Special Bench in the case of Shri Chatrapati Sahakari Sakhar Karkhana Ltd. v. Deputy CIT [1992] 198 ITR (A.T.) 78 (Pune), was right in deleting the additions made by the Assessing Officer on account of non-refundable deposits, interest paid/payable on non-refundable deposits by holding that various funds/deposits collected by the assessee-society out of sugarcane pur .....

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..... trial Finance Corporation or Central Finance Agency on block capital account, the State Government shall fix the rate of return on cane supplied by the members of the society? (3) Whether, on the facts and in the circumstances of the case and in law, the Tribunal is right in deleting the disallowance of Rs. 1,80,359 out of advertisement expenses on account of subhechcha greetings holding that ex .....

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