https://www.taxtmi.com/caselaws?id=379900 The Supreme Court directed the AO to differentiate between deductible expenditure and profit-sharing components in sugarcane price payments. The Tribunal set aside the previous order and remitted the matter to the AO for fresh consideration, instructing to allow deductions for specific clauses under the Control Order and determine profit-sharing separately. The Revenue's appeal was allowed for statistical purposes, and the assessee's cross objection was dismissed as the matter was remitted to the AO for further review in line with the Supreme Court's directives. en-us Tue, 07 May 2019 00:00:00 +0530 Thu, 09 May 2019 06:30:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379900 The Supreme Court directed the AO to differentiate between deductible expenditure and profit-sharing components in sugarcane price payments. The Tribunal set aside the previous order and remitted the matter to the AO for fresh consideration, instructing to allow deductions for specific clauses under the Control Order and determine profit-sharing separately. The Revenue's appeal was allowed for statistical purposes, and the assessee's cross objection was dismissed as the matter was remitted to the AO for further review in line with the Supreme Court's directives. Case-Laws Income Tax Tue, 07 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379900