https://www.taxtmi.com/caselaws?id=35100 Enhanced sugarcane price claimed as business expenditure was rejected because the Tribunal found, on the record, that no actual payment was made to growers, the amount was merely credited to a share deduction account, the arrangement was used only in profit-making years, and growers were not informed. Those findings were treated as pure findings of fact, showing a unilateral device to strengthen capital without corresponding cash outflow and to avoid tax on the related amount. As no substantial question of law arose from those factual findings, the disallowance of deduction was maintained and the assessee's challenge failed. en-us Tue, 16 Oct 2007 00:00:00 +0530 Tue, 22 Dec 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35100 Enhanced sugarcane price claimed as business expenditure was rejected because the Tribunal found, on the record, that no actual payment was made to growers, the amount was merely credited to a share deduction account, the arrangement was used only in profit-making years, and growers were not informed. Those findings were treated as pure findings of fact, showing a unilateral device to strengthen capital without corresponding cash outflow and to avoid tax on the related amount. As no substantial question of law arose from those factual findings, the disallowance of deduction was maintained and the assessee's challenge failed. Case-Laws Income Tax Tue, 16 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35100