Concessional Sugar Sale Issue Remanded; VSI Contribution Allowed: ITAT Pune

Advertisement Shri Vithal Sahakari Sakhar Karkhana Ltd. Vs ITO (ITAT Pune) The assessee, engaged in the business of manufacturing and sale of sugar, appealed against the order of the Commissioner of Income Tax (Appeals) for Assessment Year 2014-15, raising issues relating to disallowance of sale of sugar at a concessional rate, VSI contribution, and disallowance under Section 80P(2)(d). At the outset, both parties submitted that the issues had already been decided by the Co-ordinate Bench in the batch of appeals led by Majalgaon Sahakari Sakhar Karkhana Ltd. v. ACIT. On the issue of concess...