https://www.taxtmi.com/caselaws?id=385962 The Tribunal set aside the disallowance of excess cane price paid to sugarcane suppliers, emphasizing the distinction between Statutory Minimum Price (SMP) and additional purchase price under clause 5A. For the disallowance of sugar sold at a concessional price, the Tribunal directed a fresh consideration based on industry practices. Regarding the disallowance under section 40(a)(ia) for H & T payments, the Tribunal deleted the disallowance, citing payments below the TDS threshold. The appeal was partly allowed, aligning with relevant court judgments and providing detailed reasoning for each issue. en-us Mon, 16 Sep 2019 00:00:00 +0530 Wed, 18 Sep 2019 09:53:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385962 The Tribunal set aside the disallowance of excess cane price paid to sugarcane suppliers, emphasizing the distinction between Statutory Minimum Price (SMP) and additional purchase price under clause 5A. For the disallowance of sugar sold at a concessional price, the Tribunal directed a fresh consideration based on industry practices. Regarding the disallowance under section 40(a)(ia) for H & T payments, the Tribunal deleted the disallowance, citing payments below the TDS threshold. The appeal was partly allowed, aligning with relevant court judgments and providing detailed reasoning for each issue. Case-Laws Income Tax Mon, 16 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385962