https://www.taxtmi.com/caselaws?id=421400 The case involved issues of excess sugarcane price payments to members and non-members, as well as the sale of sugar at concessional rates to members. The Tribunal remanded both issues to the Assessing Officer (AO) for fresh adjudication in accordance with Supreme Court directives. The AO was instructed to differentiate between allowable deductions and profit distributions, and to assess the taxability of concessional sales to members, ensuring compliance with legal principles and providing the assessee with a fair opportunity to present their case. en-us Mon, 04 Apr 2022 00:00:00 +0530 Fri, 22 Apr 2022 09:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421400 The case involved issues of excess sugarcane price payments to members and non-members, as well as the sale of sugar at concessional rates to members. The Tribunal remanded both issues to the Assessing Officer (AO) for fresh adjudication in accordance with Supreme Court directives. The AO was instructed to differentiate between allowable deductions and profit distributions, and to assess the taxability of concessional sales to members, ensuring compliance with legal principles and providing the assessee with a fair opportunity to present their case. Case-Laws Income Tax Mon, 04 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421400