Godavari Sugar Mills Ltd. vs Commissioner Of Income Tax

Whether the Tribunal erred in law in valuing sugarcane from agricultural farms at Rs. 51/51.40 per metric tonne instead of Rs. 52/52.40 per metric tonne claimed by the assessee? --- Held No, in favour of assessee. Whether the Tribunal erred in law in allowing extra shift depreciation of Rs. 2,33,808 instead of Rs. 3,71,888 claimed by the assessee as seasonal industry? --- Held No, in favour of Revenue. Whether the Tribunal erred in law in confirming allocation of Rs. 2,48,356 to agricultural section out of donation of Rs. 6,10,512 and allowing relief under s. 88 only on Rs. 2,59,320? --- Held Yes, in favour of assessee.