https://www.taxtmi.com/caselaws?id=218654 Whether the differential between fair market price and concessional price on monthly sale of sugar to members constituted taxable income was not finally determined by the SC. The SC held that the appellate authority is entitled to scrutinize the accounts and verify the basis for fixing concessional prices on a month-to-month basis, and must afford both sides liberty to produce relevant documents before reaching a conclusion. The matter was remitted to the appellate authority for de novo consideration, and the Revenue's appeals were disposed of accordingly without costs. en-us Tue, 25 Sep 2012 00:00:00 +0530 Mon, 12 Jan 2026 16:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218654 Whether the differential between fair market price and concessional price on monthly sale of sugar to members constituted taxable income was not finally determined by the SC. The SC held that the appellate authority is entitled to scrutinize the accounts and verify the basis for fixing concessional prices on a month-to-month basis, and must afford both sides liberty to produce relevant documents before reaching a conclusion. The matter was remitted to the appellate authority for de novo consideration, and the Revenue's appeals were disposed of accordingly without costs. Case-Laws Income Tax Tue, 25 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218654