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2018 (3) TMI 526 - HC - Income TaxAdditions made on account of Cane Development Fund, Area Development Fund, Small Savings, Hutment Fund, C.M. Fund, Mewad Relief Fund - Held that:- Amounts collected by the society towards Cane Development Fund shall be treated as income of the assessee and no claim for deduction shall be entertained and decided by the Tribunal. As regards Area Development Fund, the matters were remitted to the Tribunal. The Tribunal has to consider the case put forth by the assessee of utilising the said amount for the purpose for which it was collected. Considering the judgment in the case of Siddheshwar S.S.K. Ltd., Vs. Commissioner of Income Tax (2004 (9) TMI 6 - SUPREME Court) it would be necessary to remit the matter back to the Tribunal for considering the aspects in respect of Cane Development Fund, Area Development Fund, Small Savings, Hutment Fund, C.M. Fund and Mewad Relief Fund, afresh in light of the judgment in case of Siddheshwar S.S.K. Ltd., Vs. Commissioner of Income Tax (Supra). The impugned judgment is set aside. The matter is remitted to the Tribunal for deciding afresh
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