https://www.taxtmi.com/caselaws?id=300363 The Tribunal allowed the appeals for statistical purposes and directed the Assessing Officer to reconsider the case in light of the Supreme Court decision in CIT v. Tasgaon Taluka S.S.K. Ltd. The Tribunal emphasized the need for the AO to determine the profit component regarding the additional payments made over the Statutory Minimum Price to cane growers by the Cooperative Society running a sugar mill. The AO was instructed to review the existing facts and provide the assessee with a hearing opportunity. en-us Tue, 29 Sep 2020 00:00:00 +0530 Fri, 28 Jan 2022 09:00:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300363 The Tribunal allowed the appeals for statistical purposes and directed the Assessing Officer to reconsider the case in light of the Supreme Court decision in CIT v. Tasgaon Taluka S.S.K. Ltd. The Tribunal emphasized the need for the AO to determine the profit component regarding the additional payments made over the Statutory Minimum Price to cane growers by the Cooperative Society running a sugar mill. The AO was instructed to review the existing facts and provide the assessee with a hearing opportunity. Case-Laws Income Tax Tue, 29 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300363