https://www.taxtmi.com/caselaws?id=393544 The Tribunal allowed the appeal for statistical purposes, directing the AO to reassess the issue based on the cost price of sugar and to make additions only if the concessional price is below the cost price, thus treating it as 'appropriation of profit.' The decision underscores the principle that potential profit loss does not equate to profit appropriation unless the sale price is below the cost price. en-us Mon, 16 Mar 2020 00:00:00 +0530 Wed, 18 Mar 2020 12:37:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393544 The Tribunal allowed the appeal for statistical purposes, directing the AO to reassess the issue based on the cost price of sugar and to make additions only if the concessional price is below the cost price, thus treating it as 'appropriation of profit.' The decision underscores the principle that potential profit loss does not equate to profit appropriation unless the sale price is below the cost price. Case-Laws Income Tax Mon, 16 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393544