https://www.taxtmi.com/caselaws?id=12810 A retrospective amendment to the co-operative society exemption under the Income-tax Act required the agricultural produce to be grown by the members, not merely marketed for them. Because the lint sold by the society was not grown by its members, the statutory condition for relief was not met for the assessment year in question. The retrospective change therefore governed the relevant year and the society was not entitled to exemption under the provision. en-us Mon, 12 Nov 2001 00:00:00 +0530 Fri, 22 May 2009 11:27:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12810 A retrospective amendment to the co-operative society exemption under the Income-tax Act required the agricultural produce to be grown by the members, not merely marketed for them. Because the lint sold by the society was not grown by its members, the statutory condition for relief was not met for the assessment year in question. The retrospective change therefore governed the relevant year and the society was not entitled to exemption under the provision. Case-Laws Income Tax Mon, 12 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12810