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While determining sugarcane purchase price profit component to be considered as sharing of profit and rest was deductible expenditure

C.I.T. Bombay Vs Tasgaon Taluka S.S.K.Ltd. (Supreme Court of India) Conclusion: AO was directed while determining sugarcane purchase price paid to the cane growers by the assessee-society to take into account the manner in which the business works, the modalities and manner in which SAP/additional purchase price/final price were decided and to determine what amount […]



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While determining sugarcane purchase price profit component to be considered as sharing of profit and rest was deductible expenditure

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