Tag Archives: sugarcane grower

Deduction allowed for payment to sugarcane grower in excess of administered price : HC

By | May 30, 2018

Mere use of the word “advance” in the letter of the Sugarcane Growers Association by itself would not change the character of the payment, especially when the amount paid was an ascertained liability and the assessee was following mercantile system of accounting and the payment was also done during the relevant accounting year. Furthermore, the… Read More »