IT : Assessee - societies seem to have paid sugarcane purchase price to members/non-members even in excess/above price determined under Clauses 3 & 5A of Control Order, 1966. However, entire/whole amount of difference between Statutory Minimum Price(SMP) and State Advice Price (SAP) per se cannot be said to be an appropriation of profit.
from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000186886/payment-for-sugarcane-in-excess-of-its-smp-can’t-be-treated-as-appropriation-of-profit-sc.aspx
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