https://www.taxtmi.com/caselaws?id=175706 The High Court dismissed the appeal on the tax treatment of the amount realized on the sale of sugar, citing a previous rejection of a similar question. It considered the disallowance of provision for interest on sugar prices not substantial due to prior acceptance by the revenue. The Court found no substantial question regarding the deduction of prior period expenses, as it was settled law. Additionally, it concluded that charging interest on refunds before 1/6/2003 was not applicable retrospectively, leading to the dismissal of the appeal without costs. en-us Wed, 15 Apr 2009 00:00:00 +0530 Thu, 03 Dec 2015 13:02:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175706 The High Court dismissed the appeal on the tax treatment of the amount realized on the sale of sugar, citing a previous rejection of a similar question. It considered the disallowance of provision for interest on sugar prices not substantial due to prior acceptance by the revenue. The Court found no substantial question regarding the deduction of prior period expenses, as it was settled law. Additionally, it concluded that charging interest on refunds before 1/6/2003 was not applicable retrospectively, leading to the dismissal of the appeal without costs. Case-Laws Income Tax Wed, 15 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175706