https://www.taxtmi.com/caselaws?id=5668 SC allowed the appeal, set aside the HC order and held the society was entitled to exemption under section 80P(2)(a)(iii) for profits from marketing agricultural produce belonging to its members. The Court ruled "marketing" is broad and may be undertaken by an apex society; it is immaterial whether members raised the produce themselves or acquired it by purchase from cultivators. Only marketing of produce purchased from non-members falls outside the exemption. The question was answered affirmatively in favor of the appellant society and against the Revenue. en-us Wed, 13 May 1998 00:00:00 +0530 Fri, 10 Oct 2025 14:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5668 SC allowed the appeal, set aside the HC order and held the society was entitled to exemption under section 80P(2)(a)(iii) for profits from marketing agricultural produce belonging to its members. The Court ruled "marketing" is broad and may be undertaken by an apex society; it is immaterial whether members raised the produce themselves or acquired it by purchase from cultivators. Only marketing of produce purchased from non-members falls outside the exemption. The question was answered affirmatively in favor of the appellant society and against the Revenue. Case-Laws Income Tax Wed, 13 May 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5668