https://www.taxtmi.com/caselaws?id=60894 The Tribunal partially allowed the appeal, directing the Assessing Officer to disallow Rs. 18 per quintal of the additional cane price paid by the assessee as it was considered excessive and not wholly for business purposes. Only Rs. 2 per quintal was allowed as a deduction, with the Tribunal finding that the substantial increase in cane price was not justified by business needs and was aimed at tax avoidance. en-us Tue, 05 Apr 1994 00:00:00 +0530 Sat, 08 Jan 2011 14:37:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60894 The Tribunal partially allowed the appeal, directing the Assessing Officer to disallow Rs. 18 per quintal of the additional cane price paid by the assessee as it was considered excessive and not wholly for business purposes. Only Rs. 2 per quintal was allowed as a deduction, with the Tribunal finding that the substantial increase in cane price was not justified by business needs and was aimed at tax avoidance. Case-Laws Income Tax Tue, 05 Apr 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60894