https://www.taxtmi.com/caselaws?id=35185 The High Court of Allahabad dismissed the appeal under Section 260-A of the Income Tax Act against the Income Tax Appellate Tribunal's order related to Assessment Year 1988-89. The court held that expenses like Development Commissioner subsidy, society commission, cane development expenses, and fertilizers supplied to farmers, paid to cane growers, were part of the purchase price of cane and eligible for deduction under Section 37(1) of the Income Tax Act. The decision aligned with previous rulings, establishing the legality of the Tribunal's interpretation. The appeal was dismissed without costs on 1.12.2009. en-us Tue, 01 Dec 2009 00:00:00 +0530 Tue, 19 Jan 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35185 The High Court of Allahabad dismissed the appeal under Section 260-A of the Income Tax Act against the Income Tax Appellate Tribunal's order related to Assessment Year 1988-89. The court held that expenses like Development Commissioner subsidy, society commission, cane development expenses, and fertilizers supplied to farmers, paid to cane growers, were part of the purchase price of cane and eligible for deduction under Section 37(1) of the Income Tax Act. The decision aligned with previous rulings, establishing the legality of the Tribunal's interpretation. The appeal was dismissed without costs on 1.12.2009. Case-Laws Income Tax Tue, 01 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35185