Matter restored as excess sugarcane price and sale of sugarcane at concessional rate needs fresh consideration

Ganesh Sahakari Sakhar Karkhana Ltd Vs DCIT (ITAT Pune)

ITAT Pune held that excess sugarcane price paid to the members and sale of sugarcane at concessional rate needs fresh consideration and accordingly, the matter is restored back to the file of AO.

Facts- The assessee is a cooperative society engaged in the business of manufacturing and sale of white sugar, compost and its by-product. AO completed the assessment u/s 143(3) with section 254 and section 144B of the Act vide his order dated 30.09.2021 thereby making addition(s) on account of – (i) sale of

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