https://www.taxtmi.com/caselaws?id=195831 The High Court upheld the assessee's entitlement to exemption under section 80P of the Income Tax Act for the sale of scrap and profits from fertiliser sales. The Court affirmed the Tribunal's decision that the sale of scrap qualified for exemption under section 80P, limited to sales to members. Additionally, the profits from fertiliser sales were deemed eligible for exemption under section 80P. The Court ruled in favor of the assessee, answering the legal question in the affirmative and awarded no costs in the case. en-us Wed, 04 Mar 1998 00:00:00 +0530 Sat, 11 Nov 2017 12:40:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195831 The High Court upheld the assessee's entitlement to exemption under section 80P of the Income Tax Act for the sale of scrap and profits from fertiliser sales. The Court affirmed the Tribunal's decision that the sale of scrap qualified for exemption under section 80P, limited to sales to members. Additionally, the profits from fertiliser sales were deemed eligible for exemption under section 80P. The Court ruled in favor of the assessee, answering the legal question in the affirmative and awarded no costs in the case. Case-Laws Income Tax Wed, 04 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195831