Allowability of sugarcane price paid over and above FRP price

Last updated: 10 August 2021

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The Income Tax Appellate Tribunal has ruled on appeals concerning sugar mills paying prices for sugarcane above the government-fixed Fair and Remunerative Price (FRP). The tribunal considered whether these excess payments should be treated as deductible expenses or as an appropriation of profits. The decision acknowledges pending reviews of related Supreme Court cases, ultimately allowing the appeals for statistical purposes.

Court :
ITAT Pune

Brief :
These are the appeals filed by the assessee directed against the separate orders of ld. Commissioner of Income Tax (Appeals)- 1/2, Kolhapur (‘CIT(A)’ for short) dated 04.05.2017 and 21.07.2017 for the assessment years 2014-15 and 2013-14 respectively.

Citation :
ITA Nos.1784 & 2227/PUN/2017

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Attached File : 1442821_4128_1627294677_1784__2227_of_2017.pdf

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Judgement posted by

Poojitha Raam Vinay

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I simplify complex income tax, TDS, banking, and investment updates into practical insights for taxpayers, salaried professionals, pensioners, and senior citizens. I regularly write on ITR filing, tax compliance, savings schemes, and the latest financial rule changes in India.

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