1984 (9) TMI 108

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....Niyantran Adhiniyam, 1964 regarding molasses storage fund be allowed. 2. The assessee is Public Limited Company manufacturing sugar. In the relevant accounting year ended on 31st Oct., 1976 the assessee had made provision of Rs. 45,129 for contribution to molasses storage fund which the ITO had disallowed vide para 16.3 CIT(A), however, vide para 5 held that under the aforesaid Act the assessee....