https://www.taxtmi.com/caselaws?id=285496 Sugarcane supplied under a binding agreement in the prescribed statutory form was treated as "bonded sugarcane" and therefore fell outside the concession available only for "unbonded sugarcane". The Supreme Court of India held that, because the term "bonded sugarcane" was undefined, it had to be given its ordinary meaning. Reading the relevant clauses together, the 14-day period for making an offer was not mandatory, as the Cane Commissioner could extend time; a belated offer could still be voluntarily accepted and, once embodied in the prescribed form, create a binding arrangement under the statutory scheme. en-us Thu, 14 Dec 1978 00:00:00 +0530 Wed, 15 Jan 2020 17:01:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285496 Sugarcane supplied under a binding agreement in the prescribed statutory form was treated as "bonded sugarcane" and therefore fell outside the concession available only for "unbonded sugarcane". The Supreme Court of India held that, because the term "bonded sugarcane" was undefined, it had to be given its ordinary meaning. Reading the relevant clauses together, the 14-day period for making an offer was not mandatory, as the Cane Commissioner could extend time; a belated offer could still be voluntarily accepted and, once embodied in the prescribed form, create a binding arrangement under the statutory scheme. Case-Laws Indian Laws Thu, 14 Dec 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285496