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Additional price payable for purchase of sugarcane.

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Full Text of the Document

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....the purchase of sugarcane in pursuance of an order of price fixation authority is to be allowed as a deduction in the year in which the additional liability arose and not in the year to which it relates to. 2. The matter has been re-examined in consultation with the Ministry of Law. In view of the decision of the Allahabad High court in the case of M/s.L.H.Sugar Factories & oil Mills Pvt. ltd.,....

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