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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Excessive sugarcane price paid to members - sugar to members at ...


Assessing Officer to Decide if Sugarcane Payments Are Deductible or Profit Appropriation u/s 37.

April 16, 2019

Case Laws     Income Tax     AT

Excessive sugarcane price paid to members - sugar to members at concessional rates - remanded to AO to determine that it is “Appropriation of profit” or deductible u/s 37 in light of judgment of Supreme Court

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