Supreme Court Clarifies Deductible Expenses for Sugar Cooperatives: CIT vs. Tasgaon Taluka (2019)

/ A.K. Sikri, Business Expenditure, Income Tax Act, Income Tax Act with Section 37(1), Income Tax Act with Section 40A(2)(a), Judges, M.R. Shah, S. Abdul Nazeer, Sugar Cane (Control) Order, 1966, Sugar Cane (Control) Order, 1966 with Clause 3, Sugar Cane (Control) Order, 1966 with Clause 5A

Supreme Court Clarifies Deductible Expenses for Sugar Cooperatives: CIT vs. Tasgaon Taluka (2019) LEGAL ISSUE: Determination of allowable business expenditure for sugarcane purchase by cooperative societies. CASE TYPE: Income Tax Law Case Name: Commissioner of Income Tax, Bombay vs. Tasgaon Taluka Sahakari Sakhar Karkhana Limited [Judgment Date]: March 5, 2019 Date of the Judgment: March […]

Supreme Court Clarifies Deductible Expenses for Sugar Cooperatives: CIT vs. Tasgaon Taluka (2019) Read Post »