https://www.taxtmi.com/caselaws?id=417631 The Tribunal allowed the assessee's appeals for statistical purposes and remitted the matter back to the Assessing Officer (AO) for fresh adjudication in accordance with the Supreme Court's decision in CIT vs. Tasgaon Taluka S.S.K. Ltd. The AO was instructed to distinguish between the deductible expenditure and the profit component in the cane price paid, ensuring fair and reasonable opportunities of hearing to the assessee. The Revenue's cross-appeals were dismissed as infructuous. en-us Tue, 18 Jan 2022 00:00:00 +0530 Fri, 28 Jan 2022 09:02:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417631 The Tribunal allowed the assessee's appeals for statistical purposes and remitted the matter back to the Assessing Officer (AO) for fresh adjudication in accordance with the Supreme Court's decision in CIT vs. Tasgaon Taluka S.S.K. Ltd. The AO was instructed to distinguish between the deductible expenditure and the profit component in the cane price paid, ensuring fair and reasonable opportunities of hearing to the assessee. The Revenue's cross-appeals were dismissed as infructuous. Case-Laws Income Tax Tue, 18 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417631