https://www.taxtmi.com/caselaws?id=275035 Concessional sale of sugar to cane growers was held not to give rise to any real income for tax purposes where the difference from market price was treated consistently with CBDT Circular No. 117 as a deferred discount or business deduction. The Court found that the attempt to distinguish the facts did not alter the governing legal position, and the Tribunal was justified in deleting the addition. The Revenue's challenge therefore failed, and the deletion of the addition remained undisturbed. en-us Tue, 30 Jun 2009 00:00:00 +0530 Mon, 12 Jan 2026 16:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275035 Concessional sale of sugar to cane growers was held not to give rise to any real income for tax purposes where the difference from market price was treated consistently with CBDT Circular No. 117 as a deferred discount or business deduction. The Court found that the attempt to distinguish the facts did not alter the governing legal position, and the Tribunal was justified in deleting the addition. The Revenue's challenge therefore failed, and the deletion of the addition remained undisturbed. Case-Laws Income Tax Tue, 30 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275035