https://www.taxtmi.com/caselaws?id=69613 Section 80P relief depends on the co-operative society's principal object and true character, not on isolated or incidental transactions. A society that functioned mainly as a marketing society, earned commission on sale of members' goods, and made advances only against finished goods deposited with it was not treated as providing credit facilities to members, so deduction under section 80P(2)(a)(i) was unavailable. A cottage industry requires manufacturing or production activity by the society itself; a mere commission-based sale arrangement without purchase of inputs, supply of raw materials, payment of manufacturing wages, or ownership of the workplace did not qualify. Deduction under section 80P(2)(a)(ii) was therefore also unavailable. en-us Fri, 17 Sep 1993 00:00:00 +0530 Mon, 11 Apr 2011 10:38:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69613 Section 80P relief depends on the co-operative society's principal object and true character, not on isolated or incidental transactions. A society that functioned mainly as a marketing society, earned commission on sale of members' goods, and made advances only against finished goods deposited with it was not treated as providing credit facilities to members, so deduction under section 80P(2)(a)(i) was unavailable. A cottage industry requires manufacturing or production activity by the society itself; a mere commission-based sale arrangement without purchase of inputs, supply of raw materials, payment of manufacturing wages, or ownership of the workplace did not qualify. Deduction under section 80P(2)(a)(ii) was therefore also unavailable. Case-Laws Income Tax Fri, 17 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69613