Section 36(1)(xvii) - Expenditure by Co-operative Society for purchase of sugarcane at a specified price

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Full Text of the Document

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....gaged in the business of manufacture of sugar) for purchase of Sugarcane at a price which is equal to (or less than) the price fixed or approved by the Government. Read with section 155(19) of Income Tax Act * Where any deduction in respect of any expenditure incurred for the purchase of sugarcane has been claimed by an assessee, being a co-operative society engaged in the business of manufact....