https://www.taxtmi.com/caselaws?id=24714 Excess levy sugar price collected by the assessee was treated as not forming taxable income, following the settled position applied by both sides, and the point was decided in favour of the assessee. On the exchange fluctuation loss issue, the first appellate authority had not finally granted depreciation, extra shift allowance or development rebate; it had only directed the Income-tax Officer to correlate the expenditure with the relevant machinery and then decide admissibility. That direction was therefore understood as a limited remand for fresh examination, and not as an adjudication of entitlement. The matter was accordingly left open for determination on the merits. en-us Tue, 28 Jun 1988 00:00:00 +0530 Thu, 21 Jan 2010 18:47:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24714 Excess levy sugar price collected by the assessee was treated as not forming taxable income, following the settled position applied by both sides, and the point was decided in favour of the assessee. On the exchange fluctuation loss issue, the first appellate authority had not finally granted depreciation, extra shift allowance or development rebate; it had only directed the Income-tax Officer to correlate the expenditure with the relevant machinery and then decide admissibility. That direction was therefore understood as a limited remand for fresh examination, and not as an adjudication of entitlement. The matter was accordingly left open for determination on the merits. Case-Laws Income Tax Tue, 28 Jun 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24714