Monday 13 April 2015

'Bakshish' paid to harvesting labours by sugarcane manufacturer on behalf of farmers won't attract s

IT : Where assessee a sugar manufacturer made payment of harvesting and transportation charges to harvesting and transport contractors on behalf of farmers which formed part of purchase price of sugar cane for assessee, and same had not been claimed as separate deduction, provisions of sections 194C and 194H were not applicable and consequently said payments could not be disallowed under section 40 (a) (ia)


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