https://www.taxtmi.com/caselaws?id=427603 The tribunal partly allowed the appeal of the assessee. It directed the Assessing Officer to re-examine the disallowance of excess cane price and sugar sale at a concessional rate, allowing the appeal on these grounds for statistical purposes. The tribunal also directed the deletion of the disallowed amount for cash payments to employees under Section 40(A)(3), citing lack of questioning on the genuineness of payments. A lump sum disallowance of 20% of claimed "Bigar Pavati Kharch" expenses was allowed due to insufficient documentation. The addition of income from cattle camps/fodder depot was rejected, emphasizing the need for proper computation and taxation. en-us Fri, 26 Aug 2022 00:00:00 +0530 Mon, 12 Sep 2022 18:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427603 The tribunal partly allowed the appeal of the assessee. It directed the Assessing Officer to re-examine the disallowance of excess cane price and sugar sale at a concessional rate, allowing the appeal on these grounds for statistical purposes. The tribunal also directed the deletion of the disallowed amount for cash payments to employees under Section 40(A)(3), citing lack of questioning on the genuineness of payments. A lump sum disallowance of 20% of claimed "Bigar Pavati Kharch" expenses was allowed due to insufficient documentation. The addition of income from cattle camps/fodder depot was rejected, emphasizing the need for proper computation and taxation. Case-Laws Income Tax Fri, 26 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427603