https://www.taxtmi.com/caselaws?id=25448 The Court upheld the Tribunal's decision regarding the valuation of sugarcane produced by the assessee in its own farms for assessment years 1957-58 to 1960-61. The Tribunal considered factors such as purity percentages and prices paid to outside suppliers, concluding that the prices paid to outside suppliers could reflect the market value for the assessee's sugarcane. The Court found the Tribunal's decision reasonable, rejecting the assessee's contentions and ruling in favor of the Revenue, with the assessee instructed to bear the costs of the reference. en-us Fri, 13 Mar 1987 00:00:00 +0530 Thu, 28 Jan 2010 16:13:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25448 The Court upheld the Tribunal's decision regarding the valuation of sugarcane produced by the assessee in its own farms for assessment years 1957-58 to 1960-61. The Tribunal considered factors such as purity percentages and prices paid to outside suppliers, concluding that the prices paid to outside suppliers could reflect the market value for the assessee's sugarcane. The Court found the Tribunal's decision reasonable, rejecting the assessee's contentions and ruling in favor of the Revenue, with the assessee instructed to bear the costs of the reference. Case-Laws Income Tax Fri, 13 Mar 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25448