Dismissing the appeal of the revenue the Court held that , amount paid to cane growers in excess of price determined in Sugarcane Control order, to be allowed as deduction in view of business expediency, as entire business of assessee was dependent upon supplies of sugarcane. ( AY.1990 -91)
CIT v. Aruna Sunrise Hotels Ltd. (2018) 256 Taxman 43 (Mad)( HC)
S.37(1): Business expenditure -Amount paid to cane growers in excess of price determined in Sugarcane Control order, to be allowed as deduction.