https://www.taxtmi.com/caselaws?id=69754 The Appellate Tribunal ITAT MADRAS-B ruled in favor of the assessee on all three issues. The disallowance of the additional price paid to sugar cane growers was overturned, with the Tribunal considering the excess price as part of the fair payment. The disallowance of transport subsidy to cane growers was also rejected, as the subsidy was deemed an integral part of the cane price. The disallowance of the loss on diverting sugar cane to other mills was deemed a legitimate business decision and allowed as a business expense. The Tribunal upheld the decisions of the first appellate authority in each instance, dismissing the departmental appeal. en-us Sat, 19 Apr 1980 00:00:00 +0530 Mon, 11 Apr 2011 18:43:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69754 The Appellate Tribunal ITAT MADRAS-B ruled in favor of the assessee on all three issues. The disallowance of the additional price paid to sugar cane growers was overturned, with the Tribunal considering the excess price as part of the fair payment. The disallowance of transport subsidy to cane growers was also rejected, as the subsidy was deemed an integral part of the cane price. The disallowance of the loss on diverting sugar cane to other mills was deemed a legitimate business decision and allowed as a business expense. The Tribunal upheld the decisions of the first appellate authority in each instance, dismissing the departmental appeal. Case-Laws Income Tax Sat, 19 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69754