C.I.T-I KOLHAPUR vs MANGANGA S.S.K.LTD. — C.A. No. 6958/2012

Summary of C.A. No. 006958/2012 Note: The document provided is a Supreme Court hearing record from September 25, 2012, but the case number cited in your request (C.A. No. 006958/2012) does not match the primary case in this document. However, Civil Appeal No. 6958/2012 (arising from S.L.P. No. 18371/2010) is one of 45 consolidated appeals heard together. Outcome: The Supreme Court granted leave, condoned delay in filing, and remitted all cases to the Commissioner of Income Tax (Appeals) for de novo reconsideration. The court directed the CIT(A) to re-examine whether the difference between market price and concessional rates at which the cooperative sugar society sold sugar to farmer-members should be taxed as "appropriation of profit," and to consider whether this practice constitutes industry custom, enjoys state government support, and what basis determines monthly sale quantities. No order as to costs was made. This case analysis is maintained by casestatus.in based on publicly available court records.