https://www.taxtmi.com/caselaws?id=417597 The Tribunal restored both appeals to the Assessing Officer (AO) for fresh adjudication, directing adherence to the Supreme Court's decision in CIT vs. Tasgaon Taluka S.S.K. Ltd. The AO must differentiate between the statutory minimum price and additional price components to determine deductible expenditure. The AO is required to provide a fair opportunity for the assessee to present their case and ensure consistency in applying tax laws. The appeals were allowed for statistical purposes, instructing the AO to issue a fresh order in compliance with the law. en-us Thu, 23 Dec 2021 00:00:00 +0530 Fri, 28 Jan 2022 09:00:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417597 The Tribunal restored both appeals to the Assessing Officer (AO) for fresh adjudication, directing adherence to the Supreme Court's decision in CIT vs. Tasgaon Taluka S.S.K. Ltd. The AO must differentiate between the statutory minimum price and additional price components to determine deductible expenditure. The AO is required to provide a fair opportunity for the assessee to present their case and ensure consistency in applying tax laws. The appeals were allowed for statistical purposes, instructing the AO to issue a fresh order in compliance with the law. Case-Laws Income Tax Thu, 23 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417597