https://www.taxtmi.com/article/detailed?id=11700 Amendments permit an assessing officer to recompute the total income of a sugar cooperative on application and allow deduction for sugarcane purchase expenditure to the extent the purchase price is equal to or less than the government-approved price. Relief is sought by a rectification application and must follow the circular's SOP, supported by audited accounts, assessment/appellate orders, demand notices, payment challans, price fixation instruments, registration proof and any other documents required by the joint assessing officer, with rectifications confined to designated prior years within the prescribed statutory window. en-us Sat, 05 Aug 2023 13:50:08 +0530 Sat, 05 Aug 2023 13:50:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11700 Amendments permit an assessing officer to recompute the total income of a sugar cooperative on application and allow deduction for sugarcane purchase expenditure to the extent the purchase price is equal to or less than the government-approved price. Relief is sought by a rectification application and must follow the circular's SOP, supported by audited accounts, assessment/appellate orders, demand notices, payment challans, price fixation instruments, registration proof and any other documents required by the joint assessing officer, with rectifications confined to designated prior years within the prescribed statutory window. Articles Income Tax Sat, 05 Aug 2023 13:50:08 +0530 https://www.taxtmi.com/article/detailed?id=11700