https://www.taxtmi.com/caselaws?id=425297 The Appellate Tribunal ITAT Pune allowed all three appeals of the assessee for statistical purposes, remitting both issues of excess cane price disallowance and sale of sugar at a concessional rate back to the Assessing Officer for fresh consideration in accordance with the law and relevant judicial precedents. The Tribunal directed the Assessing Officer to allow deduction for the price paid under clause 3 of the Sugar Cane (Control) Order, 1966, and determine the profit component embedded in the price paid under clause 5A, ensuring a reasonable opportunity for the appellant in both matters. en-us Thu, 14 Jul 2022 00:00:00 +0530 Wed, 20 Jul 2022 09:24:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425297 The Appellate Tribunal ITAT Pune allowed all three appeals of the assessee for statistical purposes, remitting both issues of excess cane price disallowance and sale of sugar at a concessional rate back to the Assessing Officer for fresh consideration in accordance with the law and relevant judicial precedents. The Tribunal directed the Assessing Officer to allow deduction for the price paid under clause 3 of the Sugar Cane (Control) Order, 1966, and determine the profit component embedded in the price paid under clause 5A, ensuring a reasonable opportunity for the appellant in both matters. Case-Laws Income Tax Thu, 14 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425297