Price paid by Sugar Cooperatives for Purchase of Sugar Cane Higher than FRP Allowable under Recent Amendment u/s 155(19):ITAT [Read Order]

Price paid by Sugar Cooperatives - Purchase of Sugar Cane - FRP - Sugar Cane - Recent Amendment -Sugar Cooperatives - ITAT - taxscan

The Pune Bench of Income Tax Appellate Tribunal (ITAT) has held that price paid by sugar cooperatives for the purchase of sugar cane higher than the fair and remunerative price (FRP) would be allowable as per the recent amendment in clause (19) of Section 155 of the Income Tax Act. The Appeal had been filed…

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