https://www.taxtmi.com/caselaws?id=402269 The appeal is allowed for statistical purposes, with all issues remanded to the Assessing Officer (AO) for fresh adjudication. The Tribunal directed the AO to determine the deductible expenditure and profit component regarding excess sugarcane price paid, consider factors for sugar sold at concessional rates, and clarify the tax treatment of membership fees. The AO must follow higher judicial authorities' directions and grant a reasonable opportunity of hearing to the assessee for each issue. en-us Tue, 22 Dec 2020 00:00:00 +0530 Mon, 28 Dec 2020 09:45:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402269 The appeal is allowed for statistical purposes, with all issues remanded to the Assessing Officer (AO) for fresh adjudication. The Tribunal directed the AO to determine the deductible expenditure and profit component regarding excess sugarcane price paid, consider factors for sugar sold at concessional rates, and clarify the tax treatment of membership fees. The AO must follow higher judicial authorities' directions and grant a reasonable opportunity of hearing to the assessee for each issue. Case-Laws Income Tax Tue, 22 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402269