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2022 (8) TMI 518 - AT - Income TaxExcess sugar cane price paid to its members and non-members - AO disallowed the payment made over and above FRP price as it was not contractual liability and it was nothing but distribution of profit - HELD THAT:- We set aside this issue to the file of Assessing Officer for re-adjudication in the light of the Hon’ble Supreme Court’s decision in the case of Krishna Sahakari Sakhar Karkhana Ltd. [2012 (11) TMI 669 - SUPREME COURT]. Accordingly, the grounds of appeal raised by the assessee are allowed for statistical purpose.
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