https://www.taxtmi.com/caselaws?id=4453 Section 40A(2)(a) cannot be invoked against a co-operative society because it is not expressly covered by that provision and is treated separately under the Income-tax Act. Amounts paid by a co-operative sugar factory as additional cane price in compliance with a State-fixed final cane price, where the State share capital remained unpaid, were not excess payments, bonus, or appropriation of profits. Khodki charges were also held to be business expenditure. The revenue's disallowances were therefore unsustainable, and the claimed deductions were allowed. en-us Tue, 14 Aug 2007 00:00:00 +0530 Thu, 28 Aug 2008 21:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4453 Section 40A(2)(a) cannot be invoked against a co-operative society because it is not expressly covered by that provision and is treated separately under the Income-tax Act. Amounts paid by a co-operative sugar factory as additional cane price in compliance with a State-fixed final cane price, where the State share capital remained unpaid, were not excess payments, bonus, or appropriation of profits. Khodki charges were also held to be business expenditure. The revenue's disallowances were therefore unsustainable, and the claimed deductions were allowed. Case-Laws Income Tax Tue, 14 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4453