Examining if profit components in State Advised Price u/ss 37 and 40A are legitimate expenses or profit distribution.

Examining if profit components in State Advised Price u/ss 37 and 40A are legitimate expenses or profit distribution. https://www.taxtmi.com/highlights?id=44959 Addition u/s 37 and 40A - distribution of profit in the guise of excessive price paid to the members against purchase of sugarcane - to the extent of the component of profit which will be a part of the final determination of SAP and/or the final price/additional purchase price fixed under Clause 5A would certainly be and/or said to be an appropriation of profit. en-us Wed, 06 Mar 2019 11:46:55 +0530 Wed, 06 Mar 2019 11:52:15 +0530 TaxTMI RSS Generator Examining if profit components in State Advised Price u/ss 37 and 40A are legitimate expenses or profit distribution. https://www.taxtmi.com/highlights?id=44959 Addition u/s 37 and 40A - distribution of profit in the guise of excessive price paid to the members against purchase of sugarcane - to the extent of the component of profit which will be a part of the final determination of SAP and/or the final price/additional purchase price fixed under Clause 5A would certainly be and/or said to be an appropriation of profit. Highlights Income Tax Wed, 06 Mar 2019 11:46:55 +0530 https://www.taxtmi.com/highlights?id=44959