Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2009 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2009 (12) TMI 20 - HIGH COURT OF ALLAHABADDeduction of an expenditure u/s 37(1) - the Development Commissioner (subsidy & commission), Society Commission, cane development expenses and fertilizers supplied to the farmers paid to the cane growers formed – part of purchase price – held that - the Tribunal was correct under law in holding that the commission and subsidy paid to cane growers formed part of purchase price of the cane and thus allowable for deduction under Section 37(1) of the Income Tax Act
|