SHAHABAD COOPERATIVE SUGAR MILLS LTD versus COMMISSIONER OF INCOME-TAX
Referring to the sugarcane farmers, the tribunal has decided to pay Rs 2 per quintal to the sugarcane growers and take Rs 18 to the large account of the concerned sugarcane growers. The farmers are allowed to pay 2 rupees and have not claimed 18 rupees. The benefit of the credit in the capital account reveals the fact of the tribunal's finding that the Indian Income Tax Act, 1961, Section 256 (2) does not raise any significant question of law.
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