https://www.taxtmi.com/caselaws?id=388097 Sugarcane pricing, concessional sugar sales and related deduction claims are analysed by applying the principle that only the profit element actually embedded in a payment or concession can be treated as appropriation of profit. The statutory minimum sugarcane price is deductible, while the profit component in the final/additional price may require scrutiny under the control order and section 40A(2). Concessional sugar sales to members are taxable only if the sale is below actual cost, not merely below market price. Contributions to Vasantdada Sugar Institute and similar claims are discussed with reference to supporting notifications and prior Tribunal precedent, while section 43B and Form 26AS interest items require fresh factual verification. en-us Tue, 01 Oct 2019 00:00:00 +0530 Thu, 07 Nov 2019 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388097 Sugarcane pricing, concessional sugar sales and related deduction claims are analysed by applying the principle that only the profit element actually embedded in a payment or concession can be treated as appropriation of profit. The statutory minimum sugarcane price is deductible, while the profit component in the final/additional price may require scrutiny under the control order and section 40A(2). Concessional sugar sales to members are taxable only if the sale is below actual cost, not merely below market price. Contributions to Vasantdada Sugar Institute and similar claims are discussed with reference to supporting notifications and prior Tribunal precedent, while section 43B and Form 26AS interest items require fresh factual verification. Case-Laws Income Tax Tue, 01 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388097