https://www.taxtmi.com/caselaws?id=301815 Sugarcane pricing, concessional sugar sales, membership capital and Area Development Fund contributions are discussed with reference to Supreme Court and Tribunal precedents. Excess price over the statutory minimum sugarcane price, including Clause 5A profit-linked payment, is to be examined to separate any profit-distribution element from deductible expenditure. The difference between market price and concessional sugar sale price to members is also to be tested in light of trade practice, State policy and monthly or Diwali sales arrangements. C-class membership fee is treated in precedent as a capital receipt, while Area Development Fund contributions must be tested for specific legal obligation and business nexus. All issues were remitted for fresh examination. en-us Tue, 22 Dec 2020 00:00:00 +0530 Thu, 21 Apr 2022 20:56:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301815 Sugarcane pricing, concessional sugar sales, membership capital and Area Development Fund contributions are discussed with reference to Supreme Court and Tribunal precedents. Excess price over the statutory minimum sugarcane price, including Clause 5A profit-linked payment, is to be examined to separate any profit-distribution element from deductible expenditure. The difference between market price and concessional sugar sale price to members is also to be tested in light of trade practice, State policy and monthly or Diwali sales arrangements. C-class membership fee is treated in precedent as a capital receipt, while Area Development Fund contributions must be tested for specific legal obligation and business nexus. All issues were remitted for fresh examination. Case-Laws Income Tax Tue, 22 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301815