https://www.taxtmi.com/caselaws?id=466254 Disallowance of additional sugarcane purchase price was deleted where the Tribunal accepted that the extra payment sanctioned by the assessee's Managing Committee formed part of the purchase price rather than an appropriation of profit. The Assessing Officer had treated the difference between the standard purchase price and the price fixed under Clause 5A of the Sugarcane Control Order, 1966 as inadmissible, but the High Court upheld the Tribunal's view and found no substantial question of law. The Supreme Court declined to interfere and dismissed the special leave petition. en-us Mon, 27 Jan 2025 00:00:00 +0530 Mon, 09 Mar 2026 18:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466254 Disallowance of additional sugarcane purchase price was deleted where the Tribunal accepted that the extra payment sanctioned by the assessee's Managing Committee formed part of the purchase price rather than an appropriation of profit. The Assessing Officer had treated the difference between the standard purchase price and the price fixed under Clause 5A of the Sugarcane Control Order, 1966 as inadmissible, but the High Court upheld the Tribunal's view and found no substantial question of law. The Supreme Court declined to interfere and dismissed the special leave petition. Case-Laws Income Tax Mon, 27 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466254