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of <h1>Cement Allocation Coordination Organisation Denied Tax Exemption u/s 11; Payments to Members Taxable as Revenue Receipts.</h1> The Cement Allocation Coordination Organisation (C.A.C.O.), established on January 1, 1966, aimed to promote cooperation among cement manufacturers and ensure equitable cement distribution at reasonable prices. It allowed manufacturers to deduct specific costs, such as retention price, freight, packing charges, excise duty, selling commission, and oil usage expenses, from customer prices. Any balance was remitted to C.A.C.O., which reimbursed deficits to members. C.A.C.O. claimed tax exemption under section 11 of the Income Tax Act, 1961, arguing it held income in trust. However, it was determined that C.A.C.O. is not a charitable organization and is liable for tax. Member contributions are deductible, and payments to members are taxable as revenue receipts.
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