https://www.taxtmi.com/caselaws?id=70755 A co-operative society engaged in cotton processing was held entitled to weighted deduction for expenditure on fertilizers, seeds, tools and similar facilities supplied in kind to cultivators, because the disbursements were not the type of payment covered by section 40A(2). The Tribunal accepted that complete factual details supported the claim and that the disallowance provision could not be used to deny the deduction. It further recognised that a co-operative society is a separately assessed statutory unit and cannot be treated as an association of persons merely to invoke the impugned provisions. The departmental appeal accordingly failed. en-us Mon, 13 Aug 1990 00:00:00 +0530 Tue, 19 Apr 2011 10:47:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70755 A co-operative society engaged in cotton processing was held entitled to weighted deduction for expenditure on fertilizers, seeds, tools and similar facilities supplied in kind to cultivators, because the disbursements were not the type of payment covered by section 40A(2). The Tribunal accepted that complete factual details supported the claim and that the disallowance provision could not be used to deny the deduction. It further recognised that a co-operative society is a separately assessed statutory unit and cannot be treated as an association of persons merely to invoke the impugned provisions. The departmental appeal accordingly failed. Case-Laws Income Tax Mon, 13 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70755