https://www.taxtmi.com/manuals?id=1125 Deduction is available to a co-operative society engaged in sugar manufacture for expenditure incurred on purchase of sugarcane, but only up to the Government-fixed or Government-approved price. The allowance applies to the purchase cost of sugarcane as raw material, and any excess over the approved price is not deductible. A recomputation mechanism also exists for earlier years in which such deduction was disallowed, enabling the total income to be revised on application in accordance with the prescribed procedure. en-us Tue, 15 Sep 2015 11:05:00 +0530 Tue, 28 Apr 2026 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1125 Deduction is available to a co-operative society engaged in sugar manufacture for expenditure incurred on purchase of sugarcane, but only up to the Government-fixed or Government-approved price. The allowance applies to the purchase cost of sugarcane as raw material, and any excess over the approved price is not deductible. A recomputation mechanism also exists for earlier years in which such deduction was disallowed, enabling the total income to be revised on application in accordance with the prescribed procedure. Manuals Income Tax Tue, 15 Sep 2015 11:05:00 +0530 https://www.taxtmi.com/manuals?id=1125